Non Performing Loans, REO, and Contacts for Thousands of Banks
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Late and non performing residential loans and REO continue to be a problem for the nation’s banks into the second half of 2011. Although the total dipped modestly the fact is that banks have only moved the very tip of the iceberg through 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...]