Banks See Uptick in Construction Loan Delinquencies
[{"id": "fdhkkym", "text": "So, the 90-days-plus delinquency rate for construction debt is 0.19%\n\nThey mention this is the highest sustained level since 2014. \n\nWhat was the rate in 2014? Seems like an odd number to leave out.", "replies": [{"id": "fdhq3v7", "text": "As of March 2014 it was .25%.  This is actually based on a Trepp report that you can find the link to at the bottom.  There is a chart on the Trepp report showing the trend.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fdhvrz2", "text": "Has it affected underwriting yet?", "replies": [{"id": "fdke3h1", "text": "We do a lot of bridge financing and we\u2019re putting new deals under more and more scrutiny. But if it\u2019s a good asset in a good location in a good market not much has changed.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fdi9zlz", "text": "Lol how much do these reporters get paid to fucking jerk off all day", "replies": [], "depth": 1}, {"id": "fdio23m", "text": "Due to blown budgets and no more equity to contribute or maturity defaults due to missing on underwriting?", "replies": [], "depth": 1}, {"id": "fdiqa2j", "text": "This is a pretty bogus article and what I would call recession porn. I think it was bill burr who said we all search www.imrightdotcom to find answers we want. Construction default ratios \u201cincreasing\u201d to 19bps is a joke. What are 1-4 family home loans at, 20bps?", "replies": [{"id": "fdjxhf4", "text": "&gt; I think it was bill burr who said we all search www.imrightdotcom to find answers we want.\n\nConfirmation Bias in action.", "replies": [], "depth": 2}], "depth": 1}]