Sunday, February 06, 2011

Maturing Commercial Mortgage Loans A Big Headache For Business Owners

Major problem with commercial real estate.  Fitch Rating reports that 30% of commercial mortgage-backed securities loans set to mature in 2011 do not pass their refinance test.  Say it is not true.  Can we not just forget about it and bury these problem loans in the same way that we did with sub-prime residential loans?  That is, not "mark-to-market" the true value of the loan, simply carry the loans at their face value of 100%, which once again protects the Mega-money Center Banks and Wall Street at the expense, once again. of the American taxpayers.

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