“The quality of commercial real estate loans on bank books continued to improve in the second quarter with the exception of the nation’s energy markets.”
“Nationally, the amount of delinquent CRE loans declined about 21% (about $4.6 billion) to $17.78 billion in the past year, according to the latest numbers from the Federal Deposit Insurance Corp. (FDIC).”
“The amount of foreclosed properties held on bank books also decreased notably in the past 12 months with banks recording higher net profits on the sale of such assets. The amount of foreclosed CRE properties declined by $2.93 billion (28%) to $7.47 billion.”
“Overall CRE loan growth at U.S. banks was up more than $191 billion over the past 12 months – a growth rate of nearly 11%.”
Citation and Link to Article: Heschmeyer, Mark. “CRE Loan Delinquencies Near Lowest Level in 20 Years.” National Commercial Real Estate News. N.p., 7 Sept. 2016. Web. 14 Sept. 2016. <http://www.costar.com/News/Article/CRE-Loan-Delinquencies-Near-Lowest-Level-in-20-Years/184725>.
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