Thursday 17 September 2020

Banks see CRE loans delinquencies hit 5-year high

The delinquency rate on bank’s commercial real estate loans is at its highest point since 2015. The overall delinquency rate on bank CRE loans rose to 0.59 percent at the end of the second quarter, up 65 percent from the prior quarter, according to a report from Trepp. While the figure is far below the peak of 9 percent at the height of the financial crisis, the uptick could indicate an impending “wave of foreclosures”



source https://therealdeal.com/2020/09/17/banks-see-cre-loans-delinquencies-hit-5-year-high/

No comments:

Post a Comment