All Posts Tagged With: "OREO"

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Bad Loans Piling Up at Local Banks

Last week I reported that Massachusetts’ banks are realizing growing default balances in their loan portfolios. This week the BBJ is reporting the same.
On Friday I was contacted by a guy in the industry whom I met at a number of the larger auctions we’ve held over the last year or so. He is in [...]

5May2008 | Brecht Palombo | 0 comments | Continued
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Commercial Lenders Report More Default

Most of the first quarter thrift reports are in from Massachusetts’ commercial lenders. In my last Non-Accrual and REO report for these lenders I reported that across the board lenders were reporting more non-accrual and OREO. You can check that post if you need a definition for non-accrual, OREO is the property that a lender [...]

1May2008 | Brecht Palombo | 0 comments | Continued