Regional banks are beginning to feel the squeeze of the weakened office market, even as larger institutions are facing fewer troubled loans.
The average bank with $100B or less in assets modified 0.32% of its commercial real estate loans in the first nine months of the year, a jump from the 0.1% of modified loans through the first half of the year, according to a report from Moody’s.
It’s a small but significant increase that comes as financial regulators have increased their scrutiny of banks` commercial real estate loan books....
...moreIt’s a small but significant increase that comes as financial regulators have increased their scrutiny of banks` commercial real estate loan books....
RSK: Madison probably has hew delinquent loans, but the value of some office buildings has certainly droped...especially those who lease to government entities where most work from home is concentrated. More Federal office buildings will not have leases renewed and some state and local ones as well. Downsizing is the word in government...
Ken Notes: Remember J Paul Getty Said "If you owe the bank $100 that`s your problem. If you owe the bank $100 million, that`s the bank`s problem."
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- - Volume: 24 - WEEK: 52 Date: 12/26/2024 12:10:01 PM -