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Loan Modification

: Mortgage Lender Implode-o-Meter

Homebuilders Revive Stalled U.S. Projects as Banks Unload Lots

By Implode-Explode Heavy Industries

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"Builders are buying lots at less than half their original prices from lenders eager to move distressed construction loans off their books. Developments are being resuscitated from Florida, California, and Las Vegas to Utah and the suburbs of Washington, D.C., according to Brad Hunter, chief economist for Metrostudy, a Houston-based housing researcher."

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

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