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Loan Modification

: Mortgage Lender Implode-o-Meter

Agricultural Bank Said to Freeze Lending to Developers Until End of Month

By Implode-Explode Heavy Industries

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"Chinese banks are tightening loans to the real estate industry after the government began a clampdown on property speculation in April. The banking regulator in July ordered lenders to assess the potential impact of prices dropping as much as 60 percent in some cities, according to a person with knowledge of the matter."

Full post as published by Mortgage Lender Implode-o-Meter on August 25, 2010 (boomark / email).

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