Delinquencies in the commercial real estate sector saw a rise in office loan balances, with 6.8% of office loans 30 or more days late in the first quarter. A CEO of AIL's top-producing agency was arrested in CA for serious charges. Lenders bought out $520 million of delinquent commercial real estate CLO loans in Q1 to prevent a spike in bad loans.
Selling Cancer -Our latest report is now live https://t.co/HbdD6NlK32 AIL was investigated for "exploiting fear for profit" in 1978. Not much has really changed at AIL since the 70’s. The abhorrent conduct demonstrated by AIL agents today was set in stone a long time ago. $GL https://t.co/4OeWLQ4a7I
$ABR - "Issuers are purchasing bad loans as rates remain high." This sounds like Arbor's MO to keep their sinking ship afloat. Lenders bought out $520 million of these loans in Q1. It sounds like throwing good money after bad to "survive to '25." https://t.co/FMDZYtzYsm
$ABR—"Issuers are purchasing bad loans as rates remain high." This sounds like Arbor's MO to keep their sinking ship afloat. Lenders bought out $520 million of these loans in Q1. It sounds like throwing good money after bad to "survive to '25." https://t.co/FMDZYtzYsm
“To keep the share of bad loans from spiking too high —a development that would cut the issuers off from the FEES THEY COLLECT on CRE CLOs — they’ve been furiously buying them back. The lenders acquired $520M of delinquent credit QoQ, a 210% increase on the same period last year” https://t.co/gUEfI1Ct11
Buyouts of Delinquent Commercial Real Estate CLO Loans Jump 210% @business #CMBS ▪Lenders bought out $520 million of the loans in first quarter ▪Issuers are purchasing bad loans as interest rates remain high
On this note: AIL appears to sell uncollectible agent loans to a captive reinsurer in the Bahamas. We can see these loans are not being collected, despite assertions otherwise by $GL. https://t.co/Dv09Xhqoru https://t.co/9VpqVEWw7X
The CEO of AIL’s top-producing agency, Ilija Orlovic, was arrested in CA & charged in connection with a series of events incl. kidnapping, assault, forcing an agent to drive at gunpoint, & forcing them to strip naked to make sure they were not wearing a wire. $GL 28/ https://t.co/hK1cWh5Dfa
Offices were the only commercial segment where delinquencies kept rising in the first quarter, with rates unchanged for all other sectors. 6.8% of office loan balances were 30 or more days late, an increase from last quarter's 6.5%, per Mortgage Bankers Association.