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Loan Modification

: Mortgage Lender Implode-o-Meter

Defaults on Apartment-Building Loans Set Record for U.S. Banks

By Implode-Explode Heavy Industries

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"Defaults on apartment-building mortgages held by U.S. banks climbed to a record 4.6 percent in the first quarter, almost twice the year-earlier level, as more borrowers failed to repay debt approved near the market peak, said Real Capital Analytics Inc. in a report."

Full post as published by Mortgage Lender Implode-o-Meter on May 24, 2010 (boomark / email).

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