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Congressional Oversight Panel Issues Report on CRE

February 11, 2010

Tweet The Congressional Oversight Panel, chaired by Elizabeth Warren has issued its February report, and it’s focus is on “Commercial Real Estate Losses and the Risk to Financial Stability”. It’s a long read (189 pages), but from the executive summary here are some key points: Between 2010 and 2014, about $1.4 trillion in commercial real […]

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Banks Increasing CRE Lending; Bond Spreads To Widen

February 8, 2010

Tweet Sentiment at the Mortgage Bankers Association meeting last week in Vegas showed improvement. More banks are not only willing to lend, but their threshold for risk and size is also increasing. That readiness to restart was reflected in a separate survey of 60 banks and other lenders at the Mortgage Bankers Association’s annual conference […]

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Prudential U.S. Quarterly Report

January 28, 2010

Tweet rudential has put out it’s latest report outlining it’s take on the commercial real estate market. Some bullet points from the report: The recent appearance of positive indicators – economic and otherwise – has turned market sentiment in the commercial real estate sector decidedly more favorable. Widespread distress has yet to materialize, although it […]

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Fitch: Life Insurers To Face More Losses

January 22, 2010

Tweet Fitch is predicting that US Life Insurers (a la MetLife) may be looking at an additional $15B in commercial real estate related losses. The estimate is that they have taken about 25% of the losses thus far, and most of the losses will take place within the next two years. The life insurers have […]

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Real Estate Receivers Explained

January 15, 2010

Tweet Generally speaking, receivers are basically individuals or firms which are court-approved to preserve the value of an asset after there is a default. There is a major upsurge in receiverships as a result of the crisis, and most of the major CRE firms have either revived or setup service lines to service the loan […]

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Life Insurers 2010 Losses Estimated at $10B

December 18, 2009

Tweet Moody’s is estimating that life insurers will take a hit of about $10B on commercial real estate investments in 2010. The loss estimate is revised upwards from $7B, but the insurers will fare much better than banks. Insurers are also beginning to again increase their interest in commercial real estate as bond yields have […]

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Banks Quick to Adopt New FDIC Guidelines

November 11, 2009

Tweet WSJ is reporting that banks are being quick to adopt new FDIC guidelines which allow them to reclassify the type of debt they have on their books from performing to non-performing by meeting less stringent requirements. The new policy statement recently issued by the FDIC recently gives banks the ability to restructure loans without […]

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Commercial Real Estate Lending Remains Tight

November 10, 2009

Tweet The Federal Reserve released yesterday its October 2009 Senior Loan Officer Opinion Survey on Bank Lending Practices. Generally speaking, standards are still tightening at many banks, and banks are pushing out distress by extending loans. The October survey included a special question on the status of CRE loans on banks’ books that, at the beginning […]

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Commercial Real Estate Bust Makes BusinessWeek Cover

November 6, 2009

Tweet The main stream media is really starting to pickup the commercial real estate fallout. This in our opinion is a good thing seeing how they are usually late to the party. We’ve been talking about the trouble for a few years now, but we’ve seen increasing amounts of segments on CRE, mostly on Bloomberg […]

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Commercial Lending Down 54%

November 5, 2009

Tweet Not much surprise here. No transactions and declining values = no lending. U.S. mortgage lending for commercial property fell 54 percent in the third quarter from a year earlier, led by a decline in loans for malls and shopping centers, the Mortgage Bankers Association said. The dollar value of loans dropped 56 percent for […]

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