[stephenjohnbanker]

“Delinquencies on commercial mortgage backed securities soared $10 billion in June, hitting a 12-month high of almost $29 billion...

California led the nation with the highest amount of delinquent loans, closely followed by Texas and Florida.

Late loans across the country are up an “astounding” 585 percent from a year ago when just $4 billion were delinquent... “

Change you can BELIEVE in!!

[TwelveOfTwenty]

Change you can BELIEVE in!!

This thread should be required reading for the midterms and finals coming up in 2010 and 2012.

[Liz]

Change you can BELIEVE in!! ......“Delinquencies on commercial mortgage backed securities soared $10B in June, hitting a 12-month high of almost $29B...California leads with the highest amount of delinquent loans, closely followed by Texas and Florida. Late loans up an “astounding” 585% from a year ago when just $4B was delinquent... “

Sob.