Commercial Real Estate: Do Rising Defaults Pose Systemic Threat?

Jul 09 2009 12:01 AM


Washington, D.C. - Congresswoman Carolyn B. Maloney, Chair of the Joint Economic Committee (JEC) convened a hearing to examine the growing financing problems faced in the commercial real estate market and potential solutions to the credit crisis in the sector. The hearing entitled, “Commercial Real Estate: Do Rising Defaults Pose Systemic Threat?” took place on Thursday, July 9, 2009, at 10 am in room 2226 of the Rayburn House Office Building. Experts testified about the current difficulties in refinancing existing commercial real estate loans due to the reduced availability of credit and disruptions in the secondary market.

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