Once dominant, and then dormant, commercial real estate loans are beginning to show signs of life on the trading floor after a two-year slump, Jotham Sederstrom reports in The New York Times.
Attracted by more conservative underwriting and the perceived bottoming-out of property values, banks like J. P. Morgan Chase and the Royal Bank of Scotland [...]
Posts Tagged ‘commercial real estate’
Banks Return to Commercial Mortgage Bonds
June 30th, 2010 by Mortgage Writer
Tags: borrowers, commercial real estate, financial market, investment, jpmorgan, mortgage backed securities, real estate loans, stock markets, wells fargo
more...GE’s work force fell by 6 percent in 2009
February 20th, 2010 by Mortgage Writer
General Electric’s overall work force fell by about 6 percent worldwide in 2009 as it struggled to deal with the effects of the deep recession and financial crisis, according to a company regulatory filing Friday.
GE’s annual report shows the industrial and financial heavyweight reduced its overall employee head count by about 19,000 jobs to 304,000 [...]
Tags: capital lending, commercial real estate, financial companies, financial crisis, general electric, global downturn
Wilbur Ross Sees ‘Huge’ demand Real Estate bounce
October 31st, 2009 by Mortgage Writer
Billionaire investor Wilbur L. Ross Jr., said today the U.S. is in the beginning of a “huge crash in commercial real estate.”
“All of the components of real estate value are going in the wrong direction simultaneously,” said Ross, one of nine money managers participating in a government program to remove toxic assets from bank balance [...]
Tags: bankruptcy, commercial property, commercial real estate, government money, investment bank, investors, loan, mortgage, real estate
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