Normal
Those who remember and experienced the GFC will also remember that one of the triggers that detonated theGFC were the collapse of the markets for MBS and other sub prime lending products.In a somewhat mirrored situation, the commercial real estate equivalent, CMBS has seen consistently increasing delinquency rates.From Zero Hedge[ATTACH=full]193807[/ATTACH]As zero hedge points out, the delinquency rate may be much higher, as these stats gathered do not include loans made by banks., which is by far the biggest proportion of commercial real estate loans.And similar to what happened in the past, these loans are not being marked to market.Who knows what the stats are like for banks, could be anything.Guess we will find out in the next big bank bailout.Perhaps the demand by major corps to cut back on WFH and get back in the office will revive the commercial market and save their bacon.Mick
Those who remember and experienced the GFC will also remember that one of the triggers that detonated theGFC were the collapse of the markets for MBS and other sub prime lending products.
In a somewhat mirrored situation, the commercial real estate equivalent, CMBS has seen consistently increasing delinquency rates.
From Zero Hedge
[ATTACH=full]193807[/ATTACH]
As zero hedge points out, the delinquency rate may be much higher, as these stats gathered do not include loans made by banks., which is by far the biggest proportion of commercial real estate loans.
And similar to what happened in the past, these loans are not being marked to market.
Who knows what the stats are like for banks, could be anything.
Guess we will find out in the next big bank bailout.
Perhaps the demand by major corps to cut back on WFH and get back in the office will revive the commercial market and save their bacon.
Mick
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