- New Book by Edward I. Altman and Edith Hotchkiss titled "Corporate Financial Distress and Bankruptcy: Predict and Avoid Bankruptcy, Analyze and Invest in Distressed Debt"
- New book on investing in Pre-foreclosure properties…
- The European Central Bank looks at Mortgage indebtedness and household financial distress globally. A working paper series published in Feb 2010.
- Is the Fed taking us in the wrong direction?
- Foreclosures, REO’s, Bank Note Purchase, are these the investment opportunities for you?
Distressed Debts May Add to Lenders Growing Delinquency Problems
| 
June 24, 2010 | By Mark Heschmeyer
Delinquency rates continued to increase in the first quarter for all commercial/multifamily mortgage investor groups, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report. The delinquency rate for loans held in CMBS is the highest since the series began in 1997. "Weakness in the economy has continued to weigh on commercial properties, which in turn weighs on the mortgages they back," said Jamie Woodwell, MBA's vice president of commercial real estate research. "
Economic growth, specifically in areas of jobs and consumer spending, will be key to stabilizing the commercial property and mortgage markets going forward." Construction and development loans are not included in the Mortgage Bankers' numbers. Based on the unpaid principal balance of loans (UPB), delinquency rates for each group at the end of the first quarter were as follows.
* Life company portfolios: 0.31% (60+days delinquent);
* Fannie Mae: 0.79% (60 or more days delinquent);
* Freddie Mac: 0.24% (60 or more days delinquent);
* Banks and thrifts: 4.24% (90 or more days delinquent or in non-accrual).