Non Performing Loans, REO, and Contacts for Thousands of Banks
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...]
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...]
Its no secret that Florida is one of four states that has borne the brunt of the residential real estate bust. Now as we teeter on the edge of a major commercial slide what role will Florida fill? While we don't have the data on the entire … [Read more...]