Bloomberg.com and Real Estate Econometrics reports that default rates on commercial mortgages held by U.S. banks will rise to 5.4% in 2011. Non-accrued commercial loans more than doubled since last year, due to falling rents and losses in the commercial sector. Check out the above links for more information.
Bloomberg.com and Real Estate Econometrics reports that default rates on commercial mortgages held by U.S. banks will rise to 5.4% in 2011. Non-accrued commercial loans more than doubled since last year, due to falling rents and losses in the commercial sector. Check out the above links for more information.
Sadly so many mortgages are seeing defaults these days. Seems to be a sign of the times. Worse yet are that some financial institutions are now offering even “better” deals to prospective clients.
1 thought on “Commercial Mortgages Defaulting”
September 29, 2009
Sadly so many mortgages are seeing defaults these days. Seems to be a sign of the times. Worse yet are that some financial institutions are now offering even “better” deals to prospective clients.