| From Bloomberg: Servicers are liquidating soured commercial property loans bundled into bonds at an “anemic” pace as large mortgages delay the process, creating uncertainty as to the size of losses, according to Credit Suisse Group AG.
Of nearly 4,900 troubled loans, 86 totaling $494 million were liquidated last month, Credit Suisse analysts Serif Ustun and Sylvain Jousseaume in New York wrote in a July 23 report. More than 80 percent of those loans were less than $10 million and the largest had only $27 million in balance, the analysts said..............................................Full Article: Source
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