Saturday, September 24, 2011
Banks Bad C&D Loans
ProSales' latest survey of dealers found 60% of respondents said it's harder for their customers to get bank loans this year than last. Here's a big reason why: Banks already hold huge volumes of past-due C&D loans. The actual volumes vary, but the percentages of loans past due are typically three to four times higher than for any other category of real estate lending.