Oct 26 2009
Commercial Real Estate Implosion: 67 Percent Fall in Multifamily Starts, Ghost Buildings, $3 Trillion in Debt, 41 Percent Drop in CRE, and Collapse in Rents.
Driving along the highway at night, it is an eerie sight to look at some of the vacant buildings. The lights are on but the floors are empty awaiting an audience that will never come. Can it be that commercial real estate, with over $3 trillion outstanding be in worse shape than residential housing? In [...]
Sep 30 2009
Option ARMs in Financial Pain: 900,000 Mortgages and 1 out of 4 either Seriously Delinquent or in Foreclosure. OCC and OTS Report Shows Foreclosures Still Growing.
It is interesting to see new data being published regarding Option ARMs in the new OCC and OTS report. According to the recently released report, there were 900,000 active Payment Option ARMs in the United States. What is troubling about the current report is the performance of these loans. Many of these loans are located [...]
