Cheap debt that fueled U.S. property boom is set to mature – more delinquencies expected; How far will the damage spread?
by Umar Farooq A $90 billion wave of maturing commercial mortgages, leftover debt from the 2007 lending boom, is revealing the weaker links in the U.S. real estate market. “There are a lot more problem loans out there than people think,” said Ray Potter, founder of R3 Funding, a New York-based firm that arranges … Read more