We’re broadening our free reports offers beyond the Commercial REO and Multifamily REO reports starting with this Multifamily Non-Performing Loans Report. As you’ve guessed from the title you can download a list of the banks in the US with the top 25 multifamily non-performing loan balances. The report is free and there is no obligation. Paid subscribers can follow the links on the report to the individual bank records and other resources.
There is an increasing interest in non-performing loans among our members and prospective members and there is a developing pool of resources surfacing online to help guide investors through the process of how to buy non-performing loans, how to evaluate them, calculate returns etc. At distressedpro.com we’re actively talking with some of the best most credible sources for this information and we’re hopeful that in the not-too-distant future we’ll settle on a partner offering a real, credible, actionable plan or program.
Distressed multifamily totals at US banks generally improved in the final quarter of 2010. With late, non-accrual, and REO totals at (aggregated) their lowest level in more than a year. Some of this reduction could be attributed to effective disposition strategies, some of the assets disappeared with bank closures. Generally non-accrual balances improved significantly though there are still 1,060 banks reporting about $6.25 Billion in multifamily problems.
All told US banks reported $11.5B in multifamily late and non-performing loans and REO.
BankProspector gives members access to real time late or non-performing loan and REO data for more than 7,000 banks. Sign in for a free demo today.