Banks will continue their slow deleveraging act for at least another year, according to Emerging Trends in Real Estate 2013, holding troubled assets while waiting for values to inch up. “As long as loans are current, lenders are better off to extend than sell loans at discounts, foreclose and recognize losses when markets have further room to improve, or refinance at lower rates,” says the Urban Land Institute/PwC report.
Read more...Market Trends: Banks Take It Slow | CCIM Institute
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