Archive for the ‘Insurance Companies’ Category

Commercial Mortgage Loans? Met Life says “No Worries”

December 1, 2008

Investors are worried about insurance companies. Insurance companies were huge into commercial real estate mortgage lending. If commercial real estate is, indeed, the next shoe to drop, the insurance industry will be disproportionately affected.

Last week Met Life took the bold step of announcing that its commercial mortgage portfolio was safe. They said they did not have any exposure to the faltering loans that have been in the news lately and that “most” of their mortgage paper was still highly rated.