March 17, 2010
Two New York City banks became the 27th and 28th bank failures of 2010, according to the information provided by the Federal Deposit Insurance Corp. With 140 bank failures in 2009 and 30 to-date this year, the lending industry continues to struggle with mounting losses from bad loans. Many banks that are still open for [...]
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February 27, 2010
According to Real Capital Analytics, a research company that tracks commercial real estate trends, the default rate on commercial real estate loans increased to 3.8% from 1.6% a year ago. Moreover, separately assessed in its own category, the default rate on loans tied to multifamily properties escalated to 4.4% from 1.8% a year ago. The [...]
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