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davepamn

April 17, 2009 02:15 PM

Will CMBS doom growth?

WSJ: Deutsche Bank announce that the $154 billion of CMBS loans coming due between 2009 and 2012 will not qualify for refinancing. DB is project default rates reaching 30% for the $700 billion of CMBS.

Do you interpret this new to suggest that the bank is insolvent? Can DB survive a 30% default rate?

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Best Answer Decided by Votes

bbrookin

April 25, 2009 03:30 AM

With only my microcosm as evidence, I don't believe that Deutsche Bank can be financially sound. The CMBS is the next possible blow, but the bank has also been termed the "foreclosure king" for their large residential realty holdings. Over the last couple of years, I can confirm that a substantial amount of the properties that are foreclosed upon in our little county go back to Deutsche as holder of their securities.
The blog I cite in sources also indicates that their paperwork is sloppy and they may be engaged in questionable foreclosure practices. Couple all of this with billions in additional losses, and the future looks pretty unhappy for this financial institution.
Source(s):
Monitoring mortgages in my area for 3 years.
http://www.dialoginternational.com/dialog_international/2008/01/deutsche-ba...
http://www.dialoginternational.com/dialog_international/2009/03/deutsche-ba...

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