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The peak in delinquencies from the 2008 crisis was about 3 years after the crisis began. Meaning we can expect things to get worse before they get better
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The peak in delinquencies from the 2008 crisis was about 3 years after the crisis began. Meaning we can expect things to get worse before they get better
Jamie Dimon, the CEO of JP Morgan Chase, just said that commercial real estate losses may take a few banks down Here’s what you should know about the next banking crisis:
Regional banks have another huge problem besides bank runs: Commercial real estate loans. Over $1.5 trillion in commercial real estate loans will come due over the next 2.5 years x.com/GRDecter/statu…
Lenders are tightening their standards When $1.5 trillion in commercial loans come due over the next 2 years, many will struggle to refinance This is a crisis in the making
The big question is: How bad will delinquencies get? So far, not that bad. According to the Fed, the delinquency rate on commercial real estate loans was just 0.68% at the end of Q4 of 2022. That’s far below the peak of 8.92% in 2010. But...
How exposed are regional banks? You can spot a few of the banks that are in big trouble now on this list, like PacWest and Western Alliance:
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