Foreclosures Fall-For Now

Foreclosures fall — for now According to RealtyTrac, foreclosure filings fell by 8% in November, making it the fourth consecutive month of improvement in the housing market. There were 306,627 filings last month, a decline that follows a 3% drop in October, 4% in September and 1% in August. “Loan modifications and other foreclosure prevention… Read More

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Bad loans put Washington banks on ropes (Tri-City Herald)

WASHINGTON — They helped fuel a real estate and commercial development boom across Washington, but

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Commercial Mortgage Defaults at U.S. Banks Reach 3.4% (Update1) (Bloomberg)

Dec. 1 (Bloomberg) — The commercial mortgage default rate on loans held by U.S. banks more than doubled to 3.4 percent in the third quarter as vacancies rose and rents declined, Real Estate Econometrics LLC said.

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Commercial Mortgage Defaults in U.S. Bank Portfolios Reach 3.4% (Bloomberg)

Dec. 1 (Bloomberg) — The commercial mortgage default rate on loans held by U.S. banks more than doubled to 3.4 percent in the third quarter as vacancies rose and rents declined, Real Estate Econometrics LLC said.

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Some Washington banks are recovering, others see their options narrowing (Seattle Times)

Washington’s banking sector is among the nation’s most troubled, by some measures: Two dozen of the 95 banks and thrifts headquartered within the state, or 25.3 percent, have had their operations restricted by state or federal regulators — one of the highest levels in the country.

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