Posts tagged as:

commercial foreclosure crisis

Commercial loans are the new housing storm

by Moe Bedard

Signs of financial stress are multiplying. His shop is often nearly empty. The landlord has put his building up for sale, after buying it less than two years ago. The small office building next door is under a foreclosure notice. So is a mini-mall just down the street.

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Commercial mortgage defaults at 16 year high

by Moe Bedard

NEW YORK CITY-With $4.5-billion rise in volume during the fourth quarter, the default rate on commercial mortgages reached 3.82% at the end of 2009, the highest since the 4.1% default rate last seen in 1993, said Real Capital Analytics in a report released late Tuesday. Given that the Federal Deposit Insurance Corp. has said that [...]

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The Coming Commercial Foreclosure Crisis: It’s Gonna Get Ugly Folks

by Moe Bedard

As if the foreclosure mess weren’t enough to keep you up at night, today we’re also digesting a new report from the Congressional Oversight Panel (that’s Elizabeth Warren & Co, the TARP watchdogs) about the looming storm in the commercial real estate market. The report predicts a wave of losses, totaling $200-$300 billion, from commercial [...]

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This is a recipe for the greatest commercial depression EVER!

by Moe Bedard

Who spiked the bankers cool aid? Or better yet, I think these guys must have been smoking some wacky tobaccy at their latest shin dig in Las Vegas this week.
The article below is titled, “Optimism Trumps Gloom at MBA Real Estate Finance Conference in Glitter City.”  Apparantly the Mortgage Bankers Association is predicting a better year [...]

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Commercial Loan Delinquencies Soaring

by Moe Bedard

NEW YORK, Nov 30 (Reuters) – The default rate for commercial real estate loans held by banks reached the highest in 16 years and the outlook looks worse, according to a report by a research firm released on Monday.
* Commercial real estate bank-loan defaults hit 3.4 pct

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U.S. Banks to See Sizable Losses on Commercial Property

by Moe Bedard

U.S. banks are at risk of sizable new loan losses, particularly on commercial property, and some banks may not have sufficient capital to fully cushion against losses, a Federal Reserve official said on Monday.
Some large regional and community banks that have built up unusually high concentrations in commercial real estate loans will be “particularly affected” [...]

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Commercial foreclosure crisis to swallow local economies

by Moe Bedard

The impending  commercial foreclosure crisis will be one like our nation has never seen. Once bustling buildings of commerce, now many commercial projects have turned into ghost towns of economic destruction. With vacancy rates sky rocketing, tenants not paying rent, bankruptcies galore and that fact that no one is buying anything, can only mean one thing.
The commercial [...]

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Commercial mortgage backed securities begin to haunt investors

by Moe Bedard

The loans behind Maui Prince were financed by commercial mortgage-backed securities, or CMBS. The resort’s failure reflects the troubled market for these bonds, which are backed by a pool of mortgages on commercial properties. The market for CMBS is one leg of the stool supporting the commercial real estate sector, providing a vital source of [...]

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