Non Performing Loans, REO, and Contacts for Thousands of Banks
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Late and non-performing construction loans as well as construction REO jumped again. But before I get into that we have two announcements. First, we are now reporting distressed construction loans and construction reo different than we have in … [Read more...]
At the close of 2008 the nation's lenders reported $28,759,725,000 in distressed commercial real estate loans. At distressedpro.com we're projecting double that figure at the close of 2009. We won't have final figures until mid-late February for … [Read more...]
American Banker, an on and off-line trade magazine for the banking industry ran an article today reporting much of the same thing that I have been saying here on this blog That Sinking Feeling: CRE Flood Set to Start in '10. Banks will face … [Read more...]