Fitch: Life Insurers To Face More Losses

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 already booked [...]

Life Insurers 2010 Losses Estimated at $10B

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 come down, [...]

Prudential CRE US Quarterly Update

Prudential has recently put out its quarterly update on US real estate. On debt markets:

At commercial banks…

Commercial banks, which represent about half of the $3.5 trillion commercial-mortgage market, remain largely stuck in the “extend-and-pretend” mode. Some banks are originating loans for balance sheets, but the capacity and appetite for such deals is limited. Many banks are working [...]

Commercial/Multi-Family Delinquency Rates Continue Hike Up

The Mortgage Banker’s Association released second quarter delinquency rate numbers for all commercial and multi-family groups. Loans falling under the umbrella of CMBS and those made by bank’s and thrifts are seeing rapid increases in delinquency rates while Freddie, Fannie, and life company loans are holding up fairly well.
Between the first and second quarters, the [...]