Tools for distressed real estate pros.

From the category archives:

Residential

Distressed residential loans, pre-foreclosures and bank owned 1-4 unit properties and REO balances at more than 8,000 banks.

REO and Non-Performing Loan Totals Increase 9.9% at US Banks

US Distressed Real Estate Totals Q4 2009 Graph

February 25, 2010

in Commercial, Construction, Multifamily, Residential

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 quarter.
Residential Real Estate Problems
As expected, residential real estate continued to be the dominant [...]

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Why a Billion Dollar Bank Went Bust

Charter Bank Based in Santa Fe NM Closed Friday January 22nd 2010

January 27, 2010

in Construction, Failed Banks, New Mexico, Residential

This is the third in a series of five post mortems on the banks that were closed on January, 22nd 2010.
Charter Bank of Santa Fe, NM was a $1.25 Billion dollar bank. It was closed on Friday by the FDIC and reopened as a Beal Bank subsuduary on Monday morning. Beal Bank is a [...]

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Late Payments Pushing Foreclosures

Distressed Residential Home Loan Figures Continue to Increase

September 30, 2009

in Residential, United States

While securitized pools of home loans certainly make up the bulk of the distressed residential real estate in the US, portfolio loans are having their fair share of trouble as well. Residential REO, nonaccrual loans, and loans reported as 90 days late all increased. Residential portfolio loan problems stand at nearly $160B.

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