Deterioration of commercial mortgages growing fast

08/4/2009 | Forbes

In June, one of every 25 commercial real estate mortgages in the U.S. was delinquent, said Richard Parkus, who tracks commercial real estate for Deutsche Bank. That number will rise to one of 14 by the end of the year, he said. The biggest hit will be taken by small banks that make a disproportionately large amount of the nation's construction loans, Parkus said.

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