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Re: 56Chevy post# 3

Tuesday, 06/20/2023 12:20:04 PM

Tuesday, June 20, 2023 12:20:04 PM

Post# of 10
Late payments on commercial mortgages are piling up as higher rates and weakening property prices bite into the sector

Jun 2, 2023, 7:43 AM MDT

• Late payments for commercial real estate mortgages rose last quarter as pressure builds for the US property market.

• Commercial mortgage borrowers that were late on payments for at least 30 days or already defaulted rose to 3%.

• More signs of stress could surface as high rates and weak property prices take a toll on the sector, the MBA said.

• Late payments on commercial real estate mortgages are rising, a sign that higher mortgage rates and falling property prices are weighing on the US property market.

[....]

Source:
https://news.yahoo.com/payments-commercial-mortgages-piling-higher-214328465.html

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