Sentences with phrase «estate lending losses»

Not so now; the banks are licking their wounds, and letting profits grow by financing at lower rates, and sucking in bailout cash to shore up their balance sheets against future real estate lending losses.

Not exact matches

But a quarter of U.S. real estate already is in negative equity — worth less than the mortgages attached to it — and the property market is still shrinking, so banks are not lending except with public Federal Housing Administration guarantees to cover whatever losses they may suffer.

What is different this time is that the banks still have problems to work through, not the least of which are losses from commercial real estate lending.

If property prices decline after you take out a reverse mortgage, it will not affect the remainder of your estate; in such circumstances, the lending company bears the loss.