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Commercial loan defaults loom (access required)

by Becky Hurley

Published: April 1,2010

Time posted: 10:06 am

Tags: banks, commercial real estate, loan default

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CNBC reported Wednesday that by the end of 2010, about half of all commercial real estate mortgages will be underwater. "They are [mostly] concentrated in the midsized banks," said Elizabeth Warren, chair of the Congressional Oversight Panel. "We now have 2,988 banks, mostly midsized, that have these dangerous concentrations in commercial real estate lending." As ...





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