Relevant:
- Delinquent construction loans soar in Chicago area
- One Sixth Of All Construction Loans In Trouble
- The Doctrine of Preemptive Bailouts and the Biggest Bailout you haven’t Heard About: The U.S. Treasury Plan C and the $3.5 Trillion You will be Paying
- Real-Estate Woes of Banks Mount
- Home Construction Lending Is Down Because Demand Is Down
2010-05-28 — 64.240
"As it stands, the Residential Construction Lending Act would put the Treasury on the hook for any losses these loans may experience. With this as a backstop, the NAHB believes that credit will free up in a market that is currently restricted. They say that banks continue to reduce exposures to this industry, subsequently freezing lending and sometimes calling performing loans."
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