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Strategies & Market Trends : Commercial Real Estate tic.............tic,,,

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To: LLCF who wrote (340)	7/15/2010 12:31:14 PM
From: LLCF	Read Replies (1) of 442

<<86 Banks Fail in First Half; Acquirers Take 88% of Assets Jul 9, 2010 - CRE News A total of 86 banks with $71.3B of assets were seized by the federal government during the first half of the year, up from 45 banks with $36B of assets during the same period a year earlier. Institutions that acquired those banks took a total of $62.9B of the failed banks' assets, leaving only $8.4B of assets for the FDIC to liquidate on its own. Driving the acquiring institutions to take on failed-bank assets is the agency's loss-share agreements, which insulate the acquirers against 80% of any potential losses they might suffer while resolving any assets they take over. The agency until March was willing to cover up to 95% of losses in some cases, but it no longer does, an evident sign that demand for bank assets has improved substantially. >> DAK

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