Mortgage Bankers Association sells HQ at $38m loss

(guardian.co.uk)

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2010-02-09

"If anyone should be capable of financing a property successfully, you would think it would be the US Mortgage Bankers Association. But the nationwide trade organisation has been obliged to sell its own headquarters at a loss of $38m after spectacularly misjudging the value of a prime slice of Washington office space."

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