From the August issue: Over the last two years, the dollar volume of distressed commercial
real estate loans at a sampling of New York-based community banks has
risen eightfold. That’s only the beginning of a wave of delinquencies
expected to hit portfolio lenders, analysts said.
Experts predict more red ink in the mid-year earnings reports
released this month from lenders such as New York Community Bank,
Flushing Savings Bank and Astoria Federal Savings. These institutions
are considered stable lenders, but have still seen a steady increase in
failing loans. [more]