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Article: The 'Trouble' with Loan Restructurings.(National/Global)
- Article from:
- American Banker
- Article date:
- October 14, 2009
- Author:
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Byline: Matthew Monks
Troubled debt restructurings are about to emerge from the shadows of banks' earnings statements, given worries they're masking the depth of credit problems.
TDRs got some - but not a lot of - attention in the second quarter, but that was before many observers started to make a connection between them and a much-touted fall in loans late at least three months.
"The headlines are: 'We lost money but our early-payment defaults are falling.' Then you see TDRs went up," said Paul Miller, managing director in the financial institutions group at Friedman, Billings, Ramsey & Co. Inc. "How many early-stage delinquencies have they ...