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.
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September 09, 2009
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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.
Posted by: Robert | September 29, 2009 at 05:11 AM