Non Performing Loans, REO, and Contacts for Thousands of Banks
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Q1 2010 CRE OREO and Non-Performing Loans Commercial real estate problems at US banks soared by 10.6% in the first quarter of 2010 over Q4 2009. Commercial real estate loans being reported as 30-89 days late increased 16.3% indicating that the … [Read more...]
What do Boca Raton, FL, Normal, IL, Germantown, MD, and Ogden, UT have in common? They are home to the latest four banks to shutter their doors in 2010, bringing the total failed bank count this year to 26. With over 700 banks on the FDIC’s watch … [Read more...]
US banks reported an increase in distressed mortgage and REO volume of nearly 10% over the previous quarter. Troubled real estate and distressed whole loans with banks now top $352 Billion, up from a little more than $320 Billion in the previous … [Read more...]