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California banks reported a modest reduction in multifamily problems in the final quarter of 2009 over Q3 2009, but still reported nearly 80% more trouble overall than the same quarter in 2008. The final figures for the end of 2009 topped $1 Billion, up 80% from a year earlier. This figure includes multifamily loans that [...]
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As I’ve reported in the past the volume of construction loan and REO trouble is significantly higher than the commercial totals are today. And as most everyone knows Florida is in the thick of it. I’ve also written in past articles about the fact that it aint over.
In fact our bank data shows that there [...]
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Construction loans continue to be a huge problem for banks. In fact construction loan problems at US banks top $85 Billion in the most recent report. Construction loans make up about 30% of the total problem loan and bank owned property balances with banks nationally.
While you might expect to see lenders from Florida, Nevada and [...]
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