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Loan Sales

All articles tagged with #loan sales

finance1 year ago

"Office Meltdown: US Regional Banks Feel Real Estate Pain"

Investors are increasingly concerned about the exposure of regional banks, particularly New York Community Bancorp, to commercial real estate loans, with fears of more pain ahead due to the impact of the COVID-19 pandemic and rising interest rates. Short-sellers are betting against banks with significant commercial real estate exposure, and some banks may consider options such as selling loans at a loss to reduce their concentration in this area. Delinquency rates on commercial mortgage-backed securities are expected to rise, and the default rate on New York's rent-stabilized housing has increased, adding to the challenges faced by these banks.

via Yahoo Finance|
#commercial-real-estate#covid-19#finance
finance1 year ago

"Regional Banks Grapple with Commercial Real Estate Pain Amid Office Meltdown"

New York Community Bancorp's exposure to commercial real estate has raised concerns among investors, leading to intensified scrutiny of regional banks with office and multifamily property loans. Fears about the health of smaller banks have resurfaced a year after the collapse of Silicon Valley Bank, with some investors expecting more pain for banks with significant commercial real estate exposure. The CRE market has been impacted by the COVID-19 pandemic, and some regional banks may be forced to sell loans at a loss or increase provisioning for losses.

via Reuters|
#commercial-real-estate#finance#loan-sales
finance1 year ago

NYCB Explores Mortgage and Loan Sales to Ease Financial Pressures

New York Community Bancorp is seeking third-party capital to finance a large portfolio of residential mortgages and exploring the sale of a $1 billion portfolio of recreational-vehicle and marine loans. The regional lender reported a surprise loss and announced a dividend cut, leading to a significant drop in its shares. NYCB's newly appointed executive chairman stated that the company will take necessary steps to build capital, including selling assets such as loans, and reducing its commercial real estate concentration. The bank's credit rating was downgraded to junk by Moody's due to financial risks and governance challenges.

via Yahoo Finance|
#finance#loan-sales#mortgage-risk
finance2 years ago

"Banking Industry Pushes for Real Estate Loan Elimination"

Banks are struggling to sell commercial-property loans as concerns about commercial real estate have surged. The rise in borrowing costs this year has made commercial real estate one of the hardest-hit areas of the economy, leading to a slowdown in property sales and a lack of markers to determine asset values. Banks are eager to sell loans to reduce exposure, but the dried-up market and cautious sellers have made it difficult to determine the true value of the loans. Some lenders are opting for seller financing or holding onto the debt for longer, while others are halting origination of new loans. The industry is closely watching loan sales to gain clarity on pricing and potential shifts in the asset class.

via Crain's Chicago Business|
#banks#commercial-real-estate#finance