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Politics : Formerly About Advanced Micro Devices

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From: bentway	1/8/2009 1:36:16 PM
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Commercial Property Loses Shelter As Delinquencies Surge in $3.4 Trillion Market, Investors Brace for Big Hit online.wsj.com Delinquencies on mortgages for hotels, shopping malls and office buildings were sharply higher in the fourth quarter, as the weaker economy hit landlords and threatens to cause losses for investors in the $3.4 trillion market. Commercial real estate has held up better than the housing market, but began to struggle at the end of last year. New data from Deutsche Bank show that delinquencies on commercial mortgages packaged and sold as bonds, which represent nearly a third of the commercial real-estate debt market, nearly doubled during the past three months, to about 1.2%. The figure includes mortgages that are 30 ...

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