Archive | September 1st, 2009

Mortgage Delinquency Rate Jumps In Chicago

Posted on 01 September 2009

As the economy improves, the delinquency rates for Chicago-area commercial mortgages, together with construction and land loan delinquencies have jumped again in the second quarter and could rise well into 2010. This may suggest that local banks won’t start making commercial real estate loans any time soon.

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