Wednesday, June 23, 2010

Stuy Town foreclosure, Outstanding CRE debt declines, delinquencies increased, prices increased

The headline kind of covers it, but yesterday we all heard the judge approved the Stuy Town foreclosure, and reiterated that it might go in either one or two pieces.

Also, outstanding CRE debt declined by 0.9% in the first quarter.

Moody's noted that both delinquencies and CRE prices increased, in separate, unrelated releases.

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