Tag Archives: Collapse

North Dakota Multifamily Housing Is Ground Zero for Energy Price Collapse

Once a hotbed of multifamily construction, North Dakota’s energy sector has been hit by layoffs as shale drillers scale back in the wake of plunging oil prices. A report issued by Morningstar Credit Ratings found that about 35% of $ 340 million in commercial mortgage-backed securities has some exposure to the state. While CMBS loans

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