Commercial Real Estate Could Be Next Big Problem Mortgage Posted by Al Tompkins clock at 2:31, September 9, 2009 C \ 's possible that the crisis may have on commercial real estate for the next big blow to the economy. With commercial mortgage lenders who see defaults rise in its market of 700 billion dollars of mortgage-backed securities, while banks are sitting on an estimated 1.1 trillion commercial real estate lending. Unable to perform Translation:invalid textThe Wall Street Journal noted that the delinquency rate for commercial mortgage-backed securities, CMBS () of the sector by about 3 percent in July. That may not seem like much, but it \ 's about six times higher than last year' s \ evaluated. Unable to perform Translation:invalid textThe newspaper on the billions of dollars of CMBS loans were: Unable to perform Translation:invalid textMale \ "The other way is the inability of homeowners to refinance loans in CMBS pools when the loans mature. At the end of 2012, approximately $ 153 billion in CMBS loans that are due and nearly 100 billion dollars will face difficulties in financing, the German bank. Even if the cash flows of these properties are sufficient to pay interest and principal payments on the debt, their values have fallen so far that borrowers Won \ 't be able to extend existing mortgages and replace them with new debt. This means the loss not only homeowners but also for those who CMBS purchased - including hedge funds, pension funds, mutual funds and other financial institutions - and thus a intensification of the economic slowdown. \ " Unable to perform Translation:invalid textBloomberg has provided additional general information: Unable to perform Translation:invalid text\ "The credit crisis and recession means less jobs, and rents for residential buildings, offices, shopping centers, warehouses and hotels. Unable to perform Translation:invalid text\ "U.S. Post Apartment increased to 7.8 percent on hold until the end of this year and a record 8 percent, worsened in 2010, unemployment and increases the supply of new housing, based in New new york rice. Unable to perform Translation:invalid text\ "The default rate on bank loans held in homes rose to 3.13 percent in the second quarter from 1.20 percent a year earlier, according econometrics Real Estate. \"
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