. In 2008, it was at $1.9 trillion. At the end of 2021, FDIC-regulated banks held $1.1 trillion in CRE loans.
But things are shifting. As noted above, the third quarter numbers won’t be released for another couple of weeks, but second quarter-end numbers started painting a picture that most real estate developers, specifically in certain sectors, would rather not see. A Janney Montgomery Scott research note published recently stated about 9 percent of banks exceed one or both regulatory CRE guidelines, modestly above pre-pandemic levels when it was 6 percent, though well below pre-Great Recession levels of 18 percent. While Janney researchers will not estimate the percentage at the end of the third quarter, some believe 12 percent of the banks could have broken the threshold by the third quarter.
Office, hotel and retail sectors likely will face the most severe headwinds in the next couple of quarters,– especially if real estate developers can show they have most of the new building leased out.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
19 states investigate major US banks for pushing ESG policies 'killing' American companies19 states are serving top banks in the U.S. for information regarding their involvement in the United Nations' net-zero ESG policies, saying it is harmful to American businesses. Bank of America gives mortgages based on race. Nuts. Stop the madness.
Fuente: FoxBusiness - 🏆 458. / 53 Leer más »
Ken Paxton targets biggest banks for plans to ‘starve’ fossil fuel companies of creditThe attorney general said he wants to ensure the biggest names in banking aren’t ‘violating state and federal laws to push a radical social and climate agenda.’ Con doing his thing. Vote this guy out. Is he upset because they stop funding him? VOTE THIS LOOSER OUT
Fuente: dallasnews - 🏆 18. / 71 Leer más »
Banks, regulators start the dance to thwart new real estate deals - Silicon Valley Business JournalSometimes, the process seems templated. Banks profit billions making real estate loans during one of the longest economic expansions this country has ever seen, but the same developers who made millions for the lenders now say that loan spigot is runneth dry. Banks blame regulators, and regulators point to irrational exuberance.
Fuente: svbizjournal - 🏆 334. / 59 Leer más »
These Banks Are Venturing Into Crypto Despite Ongoing Bear MarketThe German mobile bank - N26 - and Brazil's Nubank are the latest banking institutions to jump on the cryptocurrency bandwagon.
Fuente: Crypto_Potato - 🏆 568. / 51 Leer más »