James Ruiz recently wrote a piece, published in the Texas Lawyer, summarizing the February 10, 2010 report (“Commercial Real Estate Loses and the Risk to Financial Stability”) issued by the Congressional Oversight Panel. (continue reading link below). It is a good summary of the Panel’s perspective of the credit problems in commercial real estate, and addresses the… Continue Reading
Tag Archives: extend and pretend
Congressional Oversight Panel Weighs In: “Treasury and bank supervisors must address . . . the threats” facing CRE
Posted in Good Times for Lenders, Market TrendsOn Thursday, Feb. 11, the Congressional Oversight Panel issued its report (dated Feb. 10) addressing "commercial real estate losses and the risk of financial stability." The report highlights the possibility of commercial mortgage failures over the next four years, with the potential to cause banks to lose as much as $300 billion. (Now that is… Continue Reading