News & Events

Joseph Chaplik - Top Forty Under 40

We are pleased to annouce that Joseph Chaplik has been named a "Top Forty Under 40" by the Portland Business Journal.  This award recognizes exceptional business leaders under the age of forty in Oregon.

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Us Commercial Real Estate Losses take toll on Economy

Commercial real estate investments in the US are likely to see stiff losses in the months ahead, as the lingering effects of the economic downturn come to fruition. This will deal a particularly heavy blow to the life insurance industry. With mounting delinquencies in commercial mortgages and the value of commercial property down 40% since the credit crisis began, companies will need to tap into capital to surmount setbacks. For more on this, see the following article from Property Wire.

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Overdue Mortgages and Foreclosures Reach Record High

By: Reuters

US mortgage delinquency rates and the percentage of loans that entered the foreclosure process jumped in the third quarter, with both reaching record highs, the Mortgage Bankers Association said on Thursday.

The percentage of loans on which foreclosure actions were started rose to 1.42 percent in the third quarter, an all-time high, up from 1.36 percent in the second quarter and 1.07 percent in the third quarter of 2008.

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