Sour commercial real estate loans threaten to hurt regional banks (Los Angeles Times)
Date posted :2009-05-13 03:00:09
Delinquencies are snowballing on construction loans and mortgages for office buildings, malls and apartments. The trend is particularly worrisome in Southern California. The slumping market for commercial real estate -- viewed by many as the next big shoe to drop on the economy -- now threatens to drag down regional banks as they struggle to collect on loans made against shopping centers and ...
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