Massachusetts Banks’ Troubled Real Estate Balances Surge
The final quarter of 2008 saw a 27 % increase in troubled real estate assets for lenders headquartered in Massachusetts according to data compiled from the FDIC. Only lenders headquartered in Massachusetts with balances of REO or Non-accrual totaling $1Million or more were included in the survey. REO (also OREO or Other Real Estate Owned) balances [...]
Monday, March 16, 2009
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