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Loan Modification

: Loan Modification & Home Loan News

FDIC?s Sheila Bair urges banks to take losses on commercial loans

By Moe Bedard

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Sheila Bair, chairman of the Federal Deposit Insurance Corp, said banks should try to modify troubled commercial real estate (CRE) loans, but must recognize losses if such a workout does not maximize value. “The losses need to be recognized,” Bair stressed to a conference of the Commercial Mortgage Securities Association. Bair, an activist regulator, has been hailed [...]

Full post as published by Loan Modification & Home Loan News on January 21, 2010 (boomark / email).

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