Property risks of US, Irish and Spanish banks

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Title: Property risks of US, Irish and Spanish banks
Author: Alho, Eeva
Series: Bank of Finland. Financial market report
Series number: 1
Year of publication: 2010
Publication date: 29.4.2010
Pages: 12-13
Keywords: pankkitoiminta; USA; Irlanti; Espanja; riskit; kiinteistöt; asunnot; luotot; asuntomarkkinat;
Abstract: The wealth of many American homeowners has turned negative as the value of property used as collateral for many mortgages has fallen below the loan principal. Pay-option mortgages are popular, and a wave of loan recasts is on the way. Irish and Spanish banks risks in commercial property and construction have intensified since the collapse of property markets, following an overheating of the markets.

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