Heading Towards Default, an Update on the Commercial Real Estate Outlook...
Banks' Real Estate Loan Defaults Continue to Slow | by Carisa Chappell
The National Association of Real Estate Investment Trusts writes:
During the second quarter of 2012, the bank default rates on commercial real estate loans witnessed its largest drop in three years, according to an analysis released August 29. A Chandan Economics analysis of loan data found that the default rate fell to 3.1 percent in the second quarter, representing a decline of 34 basis points from the first quarter of the year. The default rate was 4 percent in the second quarter of 2011.
Read the story at the NAREIT website: reit.com