Fallout from oil price drop stirs mortgage concerns

April 2, 2015 1:50 PM

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NEW YORK, April 2 (IFR) - After financing an oil-related hotel and apartment boom in parts of the country, CMBS lenders and investors are now worried low oil prices will leave them facing foreclosures and heavy losses.

Many are declining to funnel more cash into once-hot areas in North Dakota and Texas, and are keeping a nervous eye on the properties underpinning the investments they already hold.

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