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Loan Modification

: Mortgage Lender Implode-o-Meter

Japan?s Property Set to Recover as Prices Near Bottom, S&P Says

By Implode-Explode Heavy Industries

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"?We?ve started to see some property transactions taking place at about 20 to 40 percent discount,? said Hashimoto, director of the structured finance ratings division at S&P in an interview in Tokyo. ?This tells us that the impact of loan default for the property prices is likely to be limited going forward and property prices may have bottomed.?"

Full post as published by Mortgage Lender Implode-o-Meter on June 03, 2010 (boomark / email).

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