Paul Culbreth

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So far Paul Culbreth has created 7 blog entries.

A Housing Bust Comes for Thousands of Small-Time Investors

2023-05-30T21:37:23+00:00

They were offered the benefits of owning apartment-building rentals without any of the work, in real-estate investments that have already left some people empty-handed.

 

From 2020 through 2022, real estate syndicators reported raising at least $115 billion from investors, according to a Wall Street Journal analysis of Securities and Exchange Commission filings.

 

A Housing Bust Comes for Thousands of Small-Time Investors2023-05-30T21:37:23+00:00

Jamie Dimon warns souring commercial real estate loans could threaten some banks

2023-05-30T21:37:41+00:00

Deposit runs have led to the collapse of three U.S. banks this year, but another concern is building on the horizon.

Commercial real estate is the area most likely to cause problems for lenders, JPMorgan Chase CEO Jamie Dimon told analysts Monday.

“There’s always an off-sides,” Dimon said in a question-and-answer session during his bank’s investor conference. “The off-sides in this case will probably be real estate. It’ll be certain locations, certain office properties, certain construction loans. It could be very isolated; it won’t be every bank.”
Jamie Dimon warns souring commercial real estate loans could threaten some banks2023-05-30T21:37:41+00:00

PacWest shares extend gains on $2.6 bln real estate loan sale

2023-05-30T21:37:35+00:00

May 23 – PacWest Bancorp’s (PACW.O) shares rose nearly 13%, extending gains from the previous session driven mostly by news that the lender would sell $2.6 billion worth of its loan portfolio to bolster its finances.

The stock was trading up at $7.06 on Tuesday, helping to lift the shares of other regional lenders with the KBW Regional Banking Index (.KRX) and the S&P Regional Banks Index (.SPCOMBNKS) each gaining more than 2%.

PacWest shares extend gains on $2.6 bln real estate loan sale2023-05-30T21:37:35+00:00

At 20.92%, the average credit card interest rate is higher than it has been at any point since the Federal Reserve started tracking this information in 1994

2023-05-30T21:37:50+00:00

Understanding the credit card climate is important for two reasons. First, credit card offers change regularly, based on the health of the economy and issuers’ business objectives. So being able to see the bigger picture – averages, trends, etc. – gives you a baseline against which to compare offers. And that will help you find the best credit card deals as well as ultimately save more money.

Monitoring the credit card landscape can also tell you a lot about the health of the U.S. consumer. For example, 0% introductory APRs and initial rewards bonuses dried up during the Great Recession. And the decline in consumer credit quality during that period was a big reason why.

To help people better understand the credit card market, WalletHub tracks interest rates, rewards and fees across credit segments, highlighting the most important trends in our quarterly landscape reports. Below, you can check out our latest findings, including a breakdown of how rates are reacting to the Federal Reserve’s recent moves.

At 20.92%, the average credit card interest rate is higher than it has been at any point since the Federal Reserve started tracking this information in 19942023-05-30T21:37:50+00:00

US Bank Lending Slumps by Most on Record in Final Weeks of March

2023-05-30T21:37:57+00:00

US bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the wake of several high-profile bank collapses that risks damaging the economy.

Commercial bank lending dropped nearly $105 billion in the two weeks ended March 29, the most in Federal Reserve data back to 1973. The more than $45 billion decrease in the latest week was primarily due to a a drop in loans by small banks.

US Bank Lending Slumps by Most on Record in Final Weeks of March2023-05-30T21:37:57+00:00

A $1.5 Trillion Wall of Debt Is Looming for US Commercial Properties

2023-05-30T21:38:04+00:00

Almost $1.5 trillion of US commercial real estate debt comes due for repayment before the end of 2025. The big question facing those borrowers is who’s going to lend to them?

“Refinancing risks are front and center” for owners of properties from office buildings to stores and warehouses, Morgan Stanley analysts including James Egan wrote in a note this past week. “The maturity wall here is front-loaded. So are the associated risks.”

The investment bank estimates office and retail property valuations could fall as much as 40% from peak to trough, increasing the risk of defaults.

Adding to the headache, small and regional banks — the biggest source of credit to the industry last year — have been rocked by deposit outflows following the demise of Silicon Valley Bank, raising concerns that will crimp their ability to provide finance to borrowers.

 
A $1.5 Trillion Wall of Debt Is Looming for US Commercial Properties2023-05-30T21:38:04+00:00
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