April 15, 2008

Potter Capital vs. Bailey S & L

Does Identity of Lender Matter to Borrowers?In markets where housing has fallen the most — Miami, Las Vegas, San Diego, etc. — many borrowers who are “upside down” on their homes (they owe more than the home is worth) apparently are behaving differently this downturn than previous ones. A generation ago, beleaguered borrowers did whatever...
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