The next shoe to drop: Homebuilder defaults?
By: Myles, June 6th, 2008
As reported by Wall Street Journal today, federal regulators warned that banking-industry turmoil would continue as financial institutions come to terms with piles of bad loans they made to finance the construction of homes and condominiums.
A New Phenomena: Until now, most of the damage to banks from the housing crisis has come from homeowners defaulting […]
Tags: Home Builder Defaults
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