For Commercial Real Estate, Hard Times Have Just Begun - NYTimes.com:
Tough Sledding Still Forecasted for CRE...
"Even though industry lobbyists were able to persuade Congress to extend a loan program aimed at prodding the stalled securitization market back to life, several analysts said it was unlikely to head off a spate of defaults, foreclosures and bankruptcies that could surpass the devastating real estate crash of the early 1990s."
...About $393 billion worth of mortgages are scheduled to mature by the end of next year alone, and an estimated $39 billion more were due to expire this year but have been extended, he said...
...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment