Brisk Bidding for Failed-Bank Loans
By WSJ.com: Real Estate • Dec 23rd, 2009 • Category: Real Estate NewsInvestors are jostling for the chance to buy a $1.1 billion package of commercial real-estate loans extended by failed banks, as these once-toxic assets attract growing interest.
Full article: Brisk Bidding for Failed-Bank Loans ...
Related posts:
- US Government Subpoenas 15 Mortgage Cos., Seeks Data On Failed Loans
US Government Subpoenas 15 Mortgage Cos., Seeks Data On Failed Loans... - UPDATE: US Subpoenas Mortgage Cos., Seeks Data On Failed Loans
UPDATE: US Subpoenas Mortgage Cos., Seeks Data On Failed Loans... - Bank Watch: FBOP Flops; U.S. Bank Takes Over $18.2 Billion in Assets
U.S. Bank of Minneapolis, MN, is taking over the troubled operations of the banking subsidiaries of FBOP Corp. of Oak Park, IL. U.S. Bank has assumed all of the deposits and essentially all of the assets of nine failed banks with combined assets of $19...... - Corus Auction Augurs Property ‘Mark’
About 10 investors are expected to submit bids for $5 billion in condo loans and other property held by the failed Corus Bank, in a key test of commercial real-estate values.... - Distressed CRE Assets Jump 15% at Nation’s Banks
The amount of distressed commercial real estate assets on the books of the nation's banks and thrifts approached $60 billion as of year-end 2009. That is up from $52 billion just three months earlier, a 15% increase. The $59.9 billion includes loans...... - GE Real Estate Warns Loans Defaults Could Hit 10%
GE Real Estate Warns Loans Defaults Could Hit 10%... - 2009 Costliest Year Ever for Bank Failures; CRE Loans Could Make 2010 Even Worse
According to its own estimates, the FDIC will sustain losses exceeding $36 billion owing to the 140 banks that failed in 2009. By comparison, those losses will eclipse the total dollar amount of the losses the FDIC incurred during the six years spanning......
Advertising