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Loan Modification

: Mortgage Lender Implode-o-Meter

Home Builders Quick to Praise Proposed Government-Backed Construction Loans

By Implode-Explode Heavy Industries

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"As it stands, the Residential Construction Lending Act would put the Treasury on the hook for any losses these loans may experience. With this as a backstop, the NAHB believes that credit will free up in a market that is currently restricted. They say that banks continue to reduce exposures to this industry, subsequently freezing lending and sometimes calling performing loans."

Full post as published by Mortgage Lender Implode-o-Meter on May 28, 2010 (boomark / email).

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