Eighty-two percent of respondents to Ernst & Young's 2012 survey of investors believe the non-performing loan pipeline will be full for at least two more years.
The volume of maturing commercial real estate debt has begun at last to spur banks to step up their efforts at getting the NPLs off their books, even as their profits have increased.
That prompted investors to increase their allocations for buying distressed debt in 2011, and their success rate at buying the loans also increased, suggesting more price agreement.
