The Crisis for Main Street Deepens: U.S. commercial mortgage delinquencies jump 585%

Dayton Business Journal – by Katherine Conrad

Delinquencies on commercial mortgage backed securities soared $10 billion in June, hitting a 12-month high of almost $29 billion, according to Realpoint Research.

California led the nation with the highest amount of delinquent loans, closely followed by Texas and Florida.

Late loans across the country are up an “astounding” 585 percent from a year ago when just $4 billion were delinquent, reported the Horsham, Pa.-based research firm. The low point for delinquency was March 2007 when $2 billion was delinquent.

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‘Insecurity,’ not satisfaction, with heath care system?

hcworrypoll

 

The point is often made that one of the trickiest elements of health care reform to navigate is that a majority of Americans routinely tell pollsters that they’re actually satisfied with their care, and don’t want it taken away in the name of helping the uninsured.

A new poll, though, pokes a hole claim, suggesting that beneath the surface of that satisfaction is deep insecurity about the existing system, and a fear that satisfactory health care won’t come through in a crisis.

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