Rising Nonperforming CRE Loans, Foreclosures Dull Otherwise Good Quarter for Nation’s Banks By Mark Heschmeyer June 3, 2009 The amount of troubled loans on income-producing commercial real estate property is rising rapidly at the nation’s bank and thrift institutions. The total is now more than double what it was a year ago with the [...]
(EDGAR Online via COMTEX) — ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations May 11, 2009, 3:26 p.m. EST Forward-Looking Information This Quarterly Report on Form 10-Q contains certain forward-looking information about the Company and its subsidiaries, which statements are intended to be covered by the safe harbor for “forward-looking [...]
By Scott Lanman May 1 (Bloomberg) — The Federal Reserve authorized longer- term loans for investors buying securities backed by commercial mortgages in a $1 trillion emergency credit program, taking a step the industry said was needed to avert defaults. Beginning in June, the Fed will offer five-year loans at higher interest rates than the [...]
Most Potential Harm Seen Coming From Housing, Consumer Loan Defaults, Not Office, Industrial and Retail Property Loans By Mark Heschmeyer May 13, 2009 If the current economic malaise brings down any of the largest banks in the country, commercial real estate likely WON’T be the culprit. Office, industrial and retail properties specifically [...]
April 28, 2009 PrintEmail to a Friend · Analysis by: Robert Canter · Analysis of: Opus South Files Chapter 11 · Published at: www.globest.com Implications The fact that a well respected usually conservative developer has filed for Chapter 11 protection under the Bankruptcy Code is another chilling example of just how far and deep this [...]
April 24, 2009 By: Dees Stribling, Contributing Editor Bear Sterns Cos. was in the news again Thursday, in case anyone remembers back far enough to recall the last time it was big news–a time when the disappearance of that company into JPMorgan Chase seemed unfortunate, but not necessarily a harbinger of vast financial problems ahead. [...]
DATE: 3/31/2009 In his weekly Data DIGest summary, Ken Simonson of the Associated General Contractors of America (AGC) reports that construction employment figures have dropped in 41 states By Ken SimonsonUnemployment rates rose and nonfarm payroll employment in February fell in the District of Columbia and all states except Louisiana, the Bureau of Labor Statistics [...]
Wed Mar 18, 2009 11:56am EDT More Business & Investing News… March 18 (Reuters) – RBC Capital Markets downgraded Zions Bancorp (ZION.O), a large U.S. regional bank, to “sector perform” from “outperform,” citing continued deterioration of credit across all portfolios and geographies. “Ongoing weakness in the residential construction portfolio and securities impairments have [...]
“Tom Tsilionis TSI GROUP research shows popularity of U.S. real estate among foreign buyers “ (1888 PressRelease) March 17, 2009 – The weakening U.S. dollar and declining home values are largely discouraging for American homeowners. For international real estate investors, however, such conditions present opportunity. Foreclosure Specialist and Trainer, Thomas Tsilionis recently released the [...]
March 2, 2009 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Overview For the year ended December 31, 2008, the Corporation reported a net loss of $2,043.5 million or $7.92 per diluted common share compared to income from continuing operations for the year ended December 31, 2007 of $496.9 million or $1.87 [...]
