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Most analysts believe that the commercial real estate loan market is about to reach the place that the residential part of the market was a year ago. “Losses from commercial real estate will be quite high by historic standards,” the former Comptroller of the Currency, Eugene Ludwig, told Bloomberg. Some experts think it will be even worse than that. Many community and regional banks could be ruined by defaults on the commercial mortgages that they hold.
The press does not give the commercial real estate market as much ink as it does the residential sector. But, the problems with malls and office building are in many ways more acute that they are for homes.
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