Delinquencies on Office Property Loans at Banks Are at 8 Percent While Office Loans the Banks Sold to Investors Show 31 Percent in Trouble

By Pam Martens and Russ Martens: May 13, 2024 ~ On Friday, the Federal Reserve released its semiannual Supervision and Regulation Report on banks. Commercial real estate loans at banks – particularly on office properties – continued to rank high on the Fed’s list of concerns. The Fed included the chart above showing that delinquency rates on office property loans held by the banks had skyrocketed from just over 1 percent at the end of 2022 to over 8 percent as of December 31, 2023. (The red text and arrow have been added by Wall Street On Parade.) Banks are major lenders to the commercial real estate (CRE) market, providing almost $3 trillion in financing. According to a February 27 report from S&P Global, as of the end of the fourth quarter of 2023, two megabanks dwarfed all others in their commercial real estate loan exposure. JPMorgan Chase Bank NA, the … Continue reading →

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by Professor Heather Cox-Richarson Letters from an American If you google the history of Mother’s Day, the internet will tell you that Mother’s Day began in 1908 when Anna Jarvis decided to honor her mother. But “Mothers’ Day”—with the apostrophe not in the singular spot, but in the plural—actually started in the 1870s, when the […]

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In the summer of 1984, I lived on the ranch of Gerald “Digger” Moravek, just outside Sheridan, Wyoming.  Like many of the ranchers who banded together to establish the Powder River Basin Resource Council, where I was working, Digger was drawn to environmentalism partly for self-interested reasons:  in the early 1970s a coal company was […]

The post Gerald “Digger” Moravek was a rancher, an early environmentalist, and a dog killer.  Just like Kristi Noem, but not. appeared first on Angry Bear.

Reuters says the students are protesting the war in Palestine.  The students say that they are protesting the war — the killing of innocents.  Still and yet, the U.S. media doesn’t get it — says that the protesters are pro-Palestian, or anti-Semitic.  Seems it is about the narrative. To be clear. Netanyahu and ultra-orthodox Jews […]

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The old man knew what it was. At first, he hoped to wait until tomorrow. That wasn’t meant to be. He had to go now, and his regular Doctor was too far away; especially at the time of day. The nearest Emergency Room (E.R.) it was. By this time, he could barely walk, but felt […]

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I will not be Posting on May 12. Sorry! I will catch up later.

The post Kind of ill today. appeared first on Angry Bear.