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  • As troubled CRE loans begin to skyrocket, new guidelines from federal regulators will let banks keep loans on their books as "performing" even if they're underwater - describing about $770B of the $1.4T of commercial mortgages maturing in the next five years. The rules aim at loans that are being serviced but can't be refinanced, and essentially sanction the practice of "extending and pretending."
     [View news story]
    We will all be Icelanders soon.


    On Oct 30 11:44 PM TraderMark wrote:

    > wow
    >
    > we are Japan
    Oct 31 00:17 am |Rating: +2 -3
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