Monday, March 29, 2010

Half of Commercial Mortgages Expected to Be Underwater by End of 2010

This is a significant problem because commercial mortgages tend to roll over the entire principle. This practice of paying interest only on many commercial mortgages means underwater loans will be difficult to re-finance...
http://rawstory.com/rs/2010/0329/tarp-watchdog-commercial-real-estate-mortgages-sinking-quickly/

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