Commercial Lenders Fretful Over Extended Portfolios
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
With higher interest rates in the future and portfolios that have some loans that have aggressively been made, commercial lenders are starting to worry. The fear is not whether the market will not fall apart, but which loans in a extended portfolio will turn sour.
There isn’t a crisis in commercial lending — there haven’t been reports of an unusual number of failed mortgages. But the industry is uneasy because of the huge amount of lending during the years-long real estate boom, and because it’s hard to anticipate which loans will sour.
“We are being more aggressive and the impact of that aggressive lending is unknown given that we don’t know how quickly and to what extent rates will back up and how fast property vales will decline,” said Lisa Pendergast, real estate analyst at RBS Greenwich Capital Markets. She added: “Usually, when rates back up property values tend to decline as well.” via The Modesto Bee.
I am 45 minutes outside of Manhattan in New York I'm interested in renting my horse stable out for photo ...
Commercial sales are up in Miami, but not for the benefit of the seller. Many sellers cannot get the ...
I have never visited a "Haunted House" but I think that I would like to. Do you know of ...
A local real estate in Nice estimated this property 2 years ago for only 280 Million euros.
villa Palm Beach on ...
I think the world changed in mid-September with the Lehman bankruptcy and related fallout. Had we just continued on a ...
Too bad "Asia" doesn't mean Chinatown DC! 
Its true that prices are down and its a buyers market but if the lending community does not change the ...
Ha that is way funny, but hey if it works why not use it. People like that are the ...
