0 minute readPrudential Financial Inc., the US life insurer that predicted a rebound in commercial real estate in December, said the prospect of increased property values makes mortgage originations an attractive business. “We are happy to be a real estate lender at this point,” Bernard Winograd, the insurer’s executive vice president for US businesses, said today on a conference call with investors. “We feel good about the upside opportunity for valuations relative to the downside risk.” Prudential, the second-biggest US life insurer, had about $29.6bn of commercial mortgage and other loans at the end of 2009.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio