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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.

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