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Loan Modification

: Mortgage Lender Implode-o-Meter

Spanish Banks Start to Unload Property Portfolios

By Implode-Explode Heavy Industries

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"Spanish savings banks have begun selling off the large property portfolios they acquired as collateral from loan defaults, in an effort to improve solvency ratios, a move that risks further falls in property values that could impair the value of their asset books."

Full post as published by Mortgage Lender Implode-o-Meter on December 30, 2009 (boomark / email).

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