UNDERNEWS

Undernews is the online report of the Progressive Review, edited by Sam Smith, who covered Washington during all or part of one quarter of America's presidencies and edited alternative journals since 1964. The Review has been on the web since 1995. See main page for full contents

July 25, 2009

COMMERICAL LOAN DELINQUENCIES UP 585%

Dayton Business Journal - Delinquencies on commercial mortgage backed securities soared $10 billion in June, hitting a 12-month high of almost $29 billion, according to Realpoint Research. California led the nation with the highest amount of delinquent loans, closely followed by Texas and Florida.

Late loans across the country are up an "astounding" 585 percent from a year
ago when just $4 billion were delinquent, reported the Horsham, Pa.-based
research firm. The low point for delinquency was March 2007 when $2 billion
was delinquent.

0 Comments:

Post a Comment

<< Home