CRE Troubles
CRE Troubles Hurting Big/Small Banks Alike
Source: nreionline.com
"According to Federal Deposit Insurance Corp. Chairman Sheila Bair, troubled commercial real estate loans are hurting both large and small banks alike. Bair also says that CRE mortgage woes are in many ways “even more pronounced” than those in the residential market.
Bair made the comments during this afternoon’s speech at the Commercial Mortgage Securities Association’s annual conference in New York.
She blamed the CRE troubles on loose underwriting in recent years and called for more reforms in securitization of loans going forward."