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A US Government Rescue for Commercial Real Estate?

|Includes:BAC, C, CMA, KEY, MI, RF, STI, Wells Fargo & Co. (WFC), ZION

Fox Business' Elizabeth MacDonald wrote an interesting article on the state of commercial real estate mortgages and the TALF and PPIP programs.  Some highlights:

  • $1.4 trillion of CRE loans are maturing in the next 5 years.
  • An estimated $165-$204 billion will mature this year.
  • There isn't enough capital strength on banks and insurance companies' balance sheets to refi the loans.
  • The CMBS market is, for the moment, virtually stalled.
Issues mentioned in the article include WFC, C, BAC, RF, STI, KEY, MI, ZION, CMA.

For the full article, click here.
Stocks: WFC, C, BAC, RF, STI, KEY, MI, ZION, CMA