Observers try to predict severity of CRE defaults

12/28/2009 | Scripps Howard News Service

The national economic recovery might be offset by a flood of expected commercial real estate loan defaults. Still, the outlook for defaults might not be as grim as originally projected. "Things are not rosy, but the outlook for commercial real estate as the next shoe to drop after the residential mortgages just really isn't what we see," said Steven Buster, president and CEO of Mechanics Bank.

View Full Article in:

Scripps Howard News Service

Published in Brief: