Capital markets

Loan Modifications Surge in 2024

As reported by CRED iQ The big picture: Loan modifications have been jumping this year. Key Numbers: * 12-Month Modifications: $22 billion in loans modified by May 31, 2024. * 2024 YTD: Over $9 billion in modifications, compared to $16.8 billion for all of 2023. * Monthly Average: $1.8 billion in

Capital markets

Fearing Losses, Banks Quietly Dumping Commercial Real Estate Loans

As reported by The New York Times Why it matters: This signals growing distress in the commercial real estate market, hit by high interest rates and low occupancy rates post-pandemic. The big picture: Wall Street banks are selling off portfolios of commercial real estate loans, anticipating that landlords of vacant

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