Mortgage Banking

Making sense of commercial real estate finance.

A Few Economic Notes

Posted by Jordan Crouch on January 14, 2008

  • After flirting with bankruptcy several times last week, Countrywide was bailed out by Bank of America. The planned $4 Billion purchase by BofA follows a $2 Billion cash infusion made by BofA last year.
  • WaMu, also suffering from sub-prime losses, is rumored to be a takeover target by JP Morgan.
  • There is growing concern about an economic recession in the US and what effect a full-blown recession will have on the world economy.
  • The commercial real estate market has not seen the drastic slowdown that the residential market has, but some prognosticators are expecting a similar situation in the commercial real estate to occur in the next 12 months. Will this happen? Time will tell.
  • The Federal Reserve will meet later this month and is expected to lower interest rates again.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: