Non Performing Loans, REO, and Contacts for Thousands of Banks
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...]
The pace of the construction implosion appears to be easing. Construction notes have been plagued by high rates of default and soaring REO balances since the economy has been in turmoil. This quarter, however, it appears that we may be "getting over … [Read more...]