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...Deutsche Bank, meanwhile, also lifted provisions for losses on loans linked to US commercial real estate to €123mn, from just €26mn a year before....
...A total of $117bn in commercial mortgages tied to US offices will come due this year, according to the Mortgage Bankers Association....
...Delinquencies in credit card and commercial real estate loans were on the rise, the FDIC said, and were now at the highest level in almost a decade....
...Citi also has a reputation for offering favourable rates on mortgages to its law firm clients....
...The latest efforts include cuts to several policy interest rates and rule changes letting commercial property developers borrow to pay off old debts....
...Commercial property, and in particular mortgages on office buildings with low occupancy rates, have been a big concern for lenders since the Fed started lifting interest rates....
...Carson Block’s hedge fund Muddy Waters has revealed a bet against the New York-listed Blackstone Mortgage Trust, a $22bn real estate investment trust managed by private equity giant Blackstone....
...CRE Reits have CRE-itis This doesn’t sound like great news for commercial real estate: Some of the biggest names in commercial real estate lending have all but turned off the spigot....
...The Commercial Real Estate Finance Income ETF will primarily invest in publicly listed commercial real estate finance companies, including commercial mortgage real estate investment trusts, commercial equity...
...You, a rube like Alphaville, may have noticed the looming economic downturn and think it’s a bad time to be lending to fast-growing but asset-lite Vapourware Inc owned by investment firms FaceRip Street...
...Citi says it serves 700 law firms and 50,000 lawyers in the US and Britain, providing services that include favourable mortgage rates....
...Rieder: We’ve done things like buying commercial paper, one-year commercial paper at six and a quarter. You don’t even have to do anything with it! Today, I think the world’s different....
...to residential mortgage finance; and small depositories must be involved in community lending (including residential mortgage finance)....
...Even economically sensitive commercial and industrial loans expanded 6 per cent. Perhaps modern services-based economies can largely shrug off rate increases....
...Self-storage is a bright spot in the troubled $5.6tn commercial real estate (CRE) loan market....
...Critics rightly lambasted rating agencies for the flawed validation of mortgage-backed securities that triggered the financial crisis of 2008-9....
...And the riskiest business to be in was subprime mortgage. So Citi ran right into it....
...The fate of the holdings, which consist of mortgage-backed securities, collateralised mortgage obligations, and commercial mortgage-backed securities, had rattled bond markets, which feared the Federal Deposit...
...In the bottom right quadrant are banks with high levels of HQLA/deposits but lower levels of retail deposits, such as BNP Paribas, Barclays and HSBC, which are strong commercial banking players with lots...
...On the other hand, might higher mortgage rates support rental demand?...
...A version of this article was first published by Nikkei Asia on April 20, 2023. ©2023 Nikkei Inc. All rights reserved....
...Citibank, Bank of America, Wachovia and Washington Mutual all failed in 2008 (three were bailed out and one was seized and sold) because managers fatally misunderstood mortgage risk....
...However, it will take two years or more to fully wind down its stock of deposits, mortgages, credit cards and small-business loans....
...Stress is likely to emerge when landlords come to refinance mortgages, warned Hyler....
...A version of this article was first published by Nikkei Asia on August 5 2022. ©2022 Nikkei Inc....
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