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Loan Modification

: Mortgage Lender Implode-o-Meter

Distressed CMBS Loans Now Returning Less Than Half Their Note Value

By Implode-Explode Heavy Industries

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"The amount of losses on distressed CMBS loans resolved in the past year has jumped 33% to where noteholders are now recovering approximately 43 cents on the dollar. And, say analysts, the losses are expected to continue to mount this year. "

Full post as published by Mortgage Lender Implode-o-Meter on June 10, 2010 (boomark / email).

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