Is it really possible that Congress will waive its magic legislative wand and pass a bill to “forgive” banks for the potentially criminal errors they made in foreclosure proceedings?
In a blog column posted Friday, October 15, 2010 by John Carney, a CNBC editor, argues that lawmakers in DC won’t allow the country’s largest issuers of mortgages to suffer […]

Bloomberg today reports that the Federal Deposit Insurance Corp. (FDIC) plans to seek bids for about $1.12 billion of commercial and residential real estate loans as part of the agencys sale of assets seized from failed banks.

The scheduled sales are composed of about:

$773 million in residential acquisition, development and construction loans
$351 million of debt related to […]

FINALLY, SOME GOOD NEWS : The latest review of the Federal Reserve Board’s Flow of Funds data by the Mortgage Bankers Association reveals that the level of commercial/multifamily mortgage debt outstanding decreased in the second quarter, to $3.24 trillion

The declines were driven by drops in commercial and multifamily mortgages held in CMBS and loans held by […]

This just in from Fitch Ratings …
While the pace of defaults remains elevated, a record number of loan resolutions in August again tempered the effect of $3.1 billion of new delinquencies, according to the latest U.S. CMBS delinquency index results from Fitch Ratings.
Recent defaults on five loans greater than $100 million contributed to a 23-basis […]

As an increasing number of commercial property owners face upcoming debt maturities, more of them have started to use threats of strategic default as a bargaining tool in negotiations with lenders.
Knowing how reluctant lenders are to take back assets, borrowers of every kind, from big publicly traded REITs to private players with only a handful […]

Here is a story that, unfortunately, keeps repeating itself time and time again. It’s also a story that speaks volumes about where the commercial real estate market truly is today and the challenges that developers and bankers face. 
The only three  questions that remain are: (1) How low will prices go down?; (2)When will the tide turn?; and (3) […]

What’s old is new again. Just posted to www.ZeroHedge.com, is a fairly comprehensive and enlightening recap of the recent International Monetary Fund (IMF) report which documents their stress testing of 53 large banking holding companies and published its findings last month.
This report and analysis is not only objective, but it’s consistent with many postings on this Blog. All […]

Everyone in the real estate development industry are trying to read the tea-leaves. Will there be disaster or can the unthinkable be avoided?
With more commercial mortgage-backed securities (CMBS) loans on the verge of default this Fall 2010, Special Servicers are being forced to accelerate these loans through the Real Estate Owned (REO) process to […]

As just reported by the WSJ, there exists a little known legislative “fix” in the “mix” that just may shore up the troubled commercial real estate industry.
According to sources in the know on Capital Hill , there is legitimate momentum in both chambers of Congress, with the House version actually having a shot at […]

Finally, some good news. Commercial real estate markets across the U.S. continued on their trend of improvement in the second quarter 2010, according to Moody’s. The news is more than welcome, in that some upward pricing movement is always a good sign for the market, if not for the industries psyche. But the long-standing problems are […]