A number of U.S. banks saw continued
pain in the third quarter on delinquent commercial real estate loans in their portfolios, as stress in the sector
persists. Building owners that.
A number of U.S. banks saw continued pain in the third quarter on delinquent commercial real estate (CRE) loans in their portfolios, as stress in the sector persists. As a result, banks recorded continued provisions for credit losses and charge-offs from the previous quarter, driven by their non-performing (NPL), or delinquent, CRE loans. "This is going to go on for at least a year, where NPLs continue to rise, followed by charge-offs - it's going to be really ugly," said Rebel Cole, a finance professor at Florida Atlantic University.
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