NEW YORK (MarketWatch) -- A commercial real estate debt index plummeted Tuesday, after a Credit Suisse research report warned that two loans included in a debt deal sold this year could already be heading for default. The rapid deterioration of these ...
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I’ve been reporting on Commercial Mortgage Backed Securities today and the fact that despite relatively low rates of default on commercial loans, investors are still running for the hills. The trouble, as with everything in today’s economy, is ...
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Less than two months ago, Citigroup emerged from the wreckage of the financial crisis as one of the last titans left standing on Wall Street. Now, in a stunning turnabout, the banking giant has sunk to its knees after a series of blows that have ...
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Campbell Kidd, foreground, and his brother, Kevin, started Red Hills Acquisitions to buy distressed loans. As big banks sell off assets to shore up their capital, private investors are seizing the chance to make money. Many of the assets are based on ...
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Nov 18, 2008 (LBO) - Sri Lanka's infrastructure projects could face delays if the island is unable to raise over half a billion dollars though commercial loans amid tough conditions in global financial markets, a top official said. "The government ...
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BankAtlantic, a community bank based in Fort Lauderdale, will close its commercial real estate lending office in Orlando on Dec. 15 and consolidate operations in Tampa. The commercial office — at 811 Magnolia Ave. — is BankAtlantic’s only ...
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SOUTHFIELD, Mich. - (Business Wire) As the Federal Deposit Insurance Corp. (FDIC) pushes a proposal for mass home loan modifications for troubled borrowers, GCC Serving Systems, a Southfield-based mortgage servicing provider, is positioned to expand ...
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