Warning About Money Questions

Mahalo Answers is a great place to start your research into Money questions, but it's not the final answer.

Mahalo Answers is not a substitute for informed professional advice. If you desire or require professional advice, please consult a qualified provider who is licensed in your state or country. You should always seek independent professional advice before acting on any opinion, advice, or information available on Mahalo Answers.

Next Question

Answered Question

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?

Interesting Question? Yes (0) No (0)

In Money |
|
Report |
Share

RSS

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...

Helpful Answer?

(0)

(0) Tip bbrookin for this answer

Permalink | Report

Voted as best: davepamn

Answer this Question

Ask a Question

Top of Page

Buy Mahalo Dollars with Credit Card or PayPal

Top Members

This Week All Time

cfinke
2nd Degree Black Belt
26630 Points
M$29.75 Earned
opher
Purple Belt with a Brown Tip
5555 Points
M$221.89 Earned
thisjustme
Green Belt
1143 Points
M$76.05 Earned

See All

Most Popular Tags

mahalo(1750)

twitter(971)

music(492)

iphone(480)

google(380)

online(337)

food(334)

internet(309)

beer(284)

money(281)

movies(276)

apple(257)

facebook(254)

answers(239)

aotd(235)

health(227)

free(223)

video(220)

dog(209)

windows(203)

See All

Welcome New Members

4acre, December 07, 2009 08:00 PM
emogene, December 07, 2009 07:59 PM
winn, December 07, 2009 07:56 PM
juliahatton, December 07, 2009 07:55 PM
fb_641197352, December 07, 2009 07:52 PM

Mahalo Dollars are the currency of Mahalo Answers.

Each Mahalo Dollar costs $1.

Once you earn more than 40 Mahalo Dollars, you can request to be paid via PayPal. Each Mahalo Dollar is currently worth $0.75 when paid out via PayPal. Learn More