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Loan Modification

: Mortgage Lender Implode-o-Meter

SunTrust reeling from real estate boom risks

By Implode-Explode Heavy Industries

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In past recessions, SunTrust had fared better because its primary market, the Southeast, withstood those downturns relatively well. And though investors grumbled the bank?s returns lagged behind that of its peers, the bank often boasted its stringent lending standards meant it wouldn?t do as poorly in a general banking downturn.

Not this time

Full post as published by Mortgage Lender Implode-o-Meter on May 18, 2009 (boomark / email).

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