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Article: Commercial Mods: More Of the Same?(National/Global)(commercial restructurings loans regulations)
- Article from:
- American Banker
- Article date:
- September 2, 2009
- Author:
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Byline: Matthew Monks
Mike Kozak's take on modifying troubled commercial loans reflects that of many bankers - optimism with a hint of uncertainty.
"So far they have been performing reasonably well," said Kozak, the chief credit officer at First Midwest Bancorp Inc. in Itasca, Ill. "A substantial amount of these have been booked in the last month or two. They are not really time-tested yet."
But skeptical industry watchers say time and recent experience are not on bankers' side.
Frederick Cannon, co-director of research at KBW Inc.'s Keefe, Bruyette & Woods Inc., said commercial modifications have tended to fare as poorly as ...