LOANS NEWS AND GUIDES

Sheila Bair, chairman of the Federal Deposit Insurance Corp, said banks should try to modify troubled commercial real estate (CRE) loans, but must recognize losses if such a workout does not maximize value. “The losses need to be recognized,” Bair stressed to a conference of the Commercial Mortgage Securities Association. Bair, an activist regulator, has been hailed

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FDIC’s Sheila Bair urges banks to take losses on commercial loans