U.S. Real Estate Delinquencies Top 10% for First Time
Delinquencies on commercial mortgages packaged and sold as bonds surpassed 10 percent for the first time last month, according to Morgan Stanley.
Make no excuses about this. If this trend continues, we will not climb out of the recession until 2020. You cannot have the engine of our country's economic growth fail and expect to prosper unless you can take advantage of a falling market. You can read the whole article here:
Delinquencies on commercial mortgages packaged and sold as bonds surpassed 10 percent for the first time last month, according to Morgan Stanley.
Make no excuses about this. If this trend continues, we will not climb out of the recession until 2020. You cannot have the engine of our country's economic growth fail and expect to prosper unless you can take advantage of a falling market. You can read the whole article here:
http://preview.bloomberg.com/news/2011-05-18/u-s-real-estate-delinquenci...
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