Distressed Construction Loans and REO Report Q1 2010

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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...]

5 Failed Bank Autopsies January 22 2010

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Five banks were shuttered on Friday. It's funny (sort of) that this has now become such a common Friday night occurrence that there is very little coverage of the events on Monday morning. A Google search this morning revealed fewer than a handful of … [Read more...]