CRE loans accounted for $365 million, or 82%, of the total nonperforming loans at failed banks in September. Within that group, commercial mortgages fared the worst making up $199 million, or 45%, of the total nonperforming loan pool, while construction and land loans made up $166 million, or 37% of the pool.
The residential real estate loan category had $61 million in nonperforming loans, representing 14% of the total nonperforming loan balance at the failed banks[.]
Only 4% of nonperforming loans were not real estate loans of some kind.
From here.
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