More predictions and projections.....
"Because we live in the day-to-day analysis of the actual bricks and sticks — the collateral supporting these loans — and we see things deteriorating further before they get better, especially this year, my position has been that from now through the remainder of 2010 we will see the default rate continue to grow, potentially at a rapid pace," Innaurato said, pointing to "more and more borrowers not only having properties that are showing signs of distress but also more and more borrowers asking for debt release. And not every one of these borrowers is going to be able to negotiate or realize their hopes and expectations." [...more...]
"Because we live in the day-to-day analysis of the actual bricks and sticks — the collateral supporting these loans — and we see things deteriorating further before they get better, especially this year, my position has been that from now through the remainder of 2010 we will see the default rate continue to grow, potentially at a rapid pace," Innaurato said, pointing to "more and more borrowers not only having properties that are showing signs of distress but also more and more borrowers asking for debt release. And not every one of these borrowers is going to be able to negotiate or realize their hopes and expectations." [...more...]
No comments:
Post a Comment