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Loan Modification

: Mortgage Lender Implode-o-Meter

Lenders Grow More Willing to Modify Commercial Mortgages

By Implode-Explode Heavy Industries

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"?We saw the same initial reluctance of the residential lenders to work with their borrowers and modify their stressed home loans several years ago,? Levine said. ?But just as the residential lenders were forced by declining circumstances to cooperate with the home owners, so the commercial lenders are now being compelled to negotiate with their borrowers.?"

Full post as published by Mortgage Lender Implode-o-Meter on March 31, 2010 (boomark / email).

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