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Loan Modification

: Mortgage Lender Implode-o-Meter

Banesto Reports $13.7 Billion in Risk Linked to Real Estate, Construction

By Implode-Explode Heavy Industries

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"Banesto published the property-risk information as lenders and government officials seek to shore up confidence in a financial system pummeled by the country?s real estate crash and rising financing costs. While defaults and the amount of property taken onto the lender?s books increased, interest margins were squeezed."

Full post as published by Mortgage Lender Implode-o-Meter on January 14, 2011 (boomark / email).

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