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Loan Modification

: Mortgage Lender Implode-o-Meter

US banks premature in reducing provisioning for bad loans

By Implode-Explode Heavy Industries

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"There are some interesting tidbits in Moody?s latest quarterly report on the US banking system, notably that US banks are premature in reducing provisioning for bad loans, and the charge-off trend now shows that the erosion of commercial real estate surpasses that of residential real estate."

Full post as published by Mortgage Lender Implode-o-Meter on December 04, 2009 (boomark / email).

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