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Loan Modification

: Mortgage Lender Implode-o-Meter

Bank Extend and Pretend Common in Commercial Real Estate Loans

By Implode-Explode Heavy Industries

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"The Wall Street Journal today has solid piece of reporting on how banks are avoiding writing down commercial real estate loans. And the article even invoked ?extend and pretend? near the top of the piece. The Journal also provides a critical factoid: regulators unwittingly enabled this practice."

Full post as published by Mortgage Lender Implode-o-Meter on July 08, 2010 (boomark / email).

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