16.07.2009 - US property market losses could top $387.5 bln
From Reuters: More than one fifth of the commercial real estate loans securitized in 2007, the peak of the boom, could be wiped out by borrowers failing to make payments, according to a new report by Deutsche Bank AG released on Wednesday. Total losses for outstanding commercial mortgage-backed securities (CMBS) loans may be as high as 9 percent to 12 percent as borrowers fail to meet monthly payments, or get an adequate loan to meet the balloon payment when a current loan matures, according the report........Full Article: Source