The January 2010 Moody’s CMBS delinquency rate hit a record at 5.42%, after posting the largest one month increase (50 bps) in history.
While the deplorable state of CMBS is not a secret to anyone following RealPoint’s monthly delinquency data, getting confirmation from a procyclical firm such as Moody’s should be enough to wake up some […]

This just in from the Wall Street Journal. Here’s the full story outlining the upcomming horrors that the commercial real estate market may very well play on our economy.
 Federal Reserve and Treasury officials are scrambling to prevent the commercial-real-estate sector from delivering a roundhouse punch to the U.S. economy just as it struggles to get […]

Mortgages on commercial property held by U.S. banks have been failing at the fastest rate in nearly 20 years, the Wall Street Journal said. 
Losses on loans used to finance commercial spaces would possibly reach about $30 billion by the end of 2009 at the current rate.  The $30 billion estimate is based on financial reports […]

SeekingAlpha’s Jeffrey Bernstein makes the case that – as a friend of mines 15 year old son Max likes to say —  “things are gonna get a whole lot worse before it starts to get betta.”  
Some glass-half-full rosy-eyed thinkers have even argued that the economy is now fixed. You know all the green-shoots and mustard seeds […]

The Washington Post reported that the current credit crunch may have a bright side: That of creating opportunities for buyers who don’t need to borrow cash to buy commercial property but were unable to buy when a burgeoning real estate market drove up prices through using low cost loans to buy and flip properties for […]