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Distressed CRE Assets Jump 15% at Nation’s Banks

by on February 24, 2010

The amount of distressed commercial real estate assets on the books of the nation’s banks and thrifts approached $60 billion as of year-end 2009. That is up from $52 billion just three months earlier, a 15% increase. The $59.9 billion includes loans…

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Distressed CRE Assets Jump 15% at Nation’s Banks

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Video: U.S. Stocks Tumble, Cap Biggest 3-Day Plunge Since March: Video

by on January 22, 2010

Jan. 22 (Bloomberg) — Bloomberg’s Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks sank, capping the market’s biggest three-day tumble since March, as financial shares slumped on President Barack Obama’s plan to rein in banks and results at Google Inc. disappointed investors. (Source: Bloomberg)

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Video: U.S. Stocks Tumble, Cap Biggest 3-Day Plunge Since March: Video

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Video: FT’s Lex Columnist Stovin-Bradford on Obama’s Bank Plan: Video

January 22, 2010

Jan. 22 (Bloomberg) — Richard Stovin-Bradford of the Financial Times’ Lex commentary team talks with Bloomberg’s Deirdre Bolton about President Barack Obama’s plan to curb risk-taking by banks and its effect on European markets. (Source: Bloomberg)

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Matt Taibbi: Fannie, Freddie Blame Falls On Both Government And Wall Street

January 4, 2010

This GSE story is a big one, but if it gets used as a path back to a “The Market Reacted Rationally” version of history, we’re screwed. It has to be looked at as an important part of a diabolical whole, a symbiotic scheme in which the banks and the state were irreversibly intertwined in an enterprise that on both sides was never about market economics, but crime. Because otherwise… the diversionary notion that one side or the other is wholly to blame is part of what makes the whole scam possible.

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Ackruti City says capex of Rs 600 cr over next 1 year

December 26, 2009

company has raised Rs 1,000 crore over a period of time from banks and financial institutions to fund its projects and other on-going requirements. ‘We have raised Rs 1,000 crore till date to fund our various projects under implementation and for other

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Ackruti lines up capex of Rs 600 cr

December 25, 2009

City had raised Rs 1,000 crore over a period of time from banks and financial institutions to fund its projects and meet other requirements. He said the company had planned to launch 3-4 new residential projects very soon, he said. “We will raise funds

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Irish government adopts bad bank model

November 23, 2009

parliament. On November 12, the Irish parliament approved a law allowing the National Asset Management Agency to purchase distressed loans from three Irish banks and two Irish building societies. These are Allied Irish Bank, Anglo Irish Bank, Bank of

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This Commercial Real Estate Collapse Is Way Different Than The One …

November 2, 2009

The demand for CMBS encouraged investment banks and conduit lenders to originate massive volumes of new loans . A new moral hazard in the model emerged because CMBS loans are not held on the originator’s balance sheet, causing reduced …

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Fed tightens review of commercial real estate risk – Herald …

September 16, 2009

16 /PRNewswire-FirstCall/ — In response to a growing need for owners, banks and servicers to quickly liquidate commercial property, real estate owned (REO) and both distressed and non- distressed commercial notes, Jones Lang LaSalle …

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Banks Report Troubled CRE Loans, REO Properties Reach $44.4 Billion

September 2, 2009

After returning to profitability in the first quarter of this year, U.S. banks and thrifts fell back into the red in the second quarter with performance of their commercial real estate portfolios being one of the major drags on their continued rebound…

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UPDATE 1-Bayview Mortgage Capital files for IPO

July 27, 2009

to raise up to $500 million in an initial public offering, aiming to use the money to buy distressed real estate loans from banks and other lenders and investors. The company — whose parent is Bayview Asset Management, which is partly owned by private

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UPDATE 1-Bayview Mortgage Capital files for IPO

July 27, 2009

to raise up to $500 million in an initial public offering, aiming to use the money to buy distressed real estate loans from banks and other lenders and investors.

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Help for Foreclosure Properties in the Commercial Sector

March 30, 2009

… particularly commercial mortgage-backed securities. It plans to help pension funds, life insurance firms and private equity firms sell their distressed CMBS assets so that they can buy newer and better CMBS bonds. … What have been highlighted in the media are foreclosure properties in the residential sector, but a wave of foreclosure properties in the commercial sector is impending. According to a report by Real Estate Economics, banks and other lending institutions …

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