The commercial real estate (CRE) implosion has exposed endemic risk among regional banks and foreign financial institutions that adds fuel to a banking crisis bonfire that surfaced last spring after Silicon Valley Bank, Signature Bank, and First Republic collapsed. A...
Problems are brewing in the Commercial Mortgage Bond Securities (CMBS) market. For an overview on the residential housing market, see my article published on Apr. 19, Bubblicious Housing – Having the Brains to Walk When It’s Time to Walk. The mortgage loans...
Just over a decade following the real estate housing bubble bust across the nation, the market is experiencing another boom, as the folly of Wall Street and Washington never changes, it just shifts in appearance like a chameleon. Case in point is the subprime loan now...
It seems that no matter what metric one looks into lately, a “pick your poison” situation unfolds. One in particular is reminiscent of the pre-2007/2008 crisis shenanigans that took place within the mortgage industry. I’ll get to that one later. How you choose to...