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Loan Modification

: Mortgage Lender Implode-o-Meter

Bank of England Says Property-Loan Default Risk Is Increasing

By Implode-Explode Heavy Industries

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" Property owners may struggle to service loans as the recession and mounting unemployment boost building vacancies and depress rents. Falling property values and larger down payments for new loans mean investors, particularly smaller companies, face ?significant? challenges in refinancing 160 billion pounds of loans coming due through 2013, the bank said."

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

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