Jan. 26 — Banks are selling troubled loans on land and residential construction debt at a faster pace as property prices plummet, according to Debt Exchange Inc. Chief Executive Officer Kingsley Greenland.
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Banks Sell Bad Residential Project Debt, DebtX Says
Debtx
on February 26 2009
[...] Banks Sell Bad Residential Project Debt, DebtX Says (moneyanecdote.co.uk) – January 26, 2009Jan. 26 — Banks are selling troubled loans on land and residential construction debt at a faster pace as property prices plummet, according to Debt Exchange Inc. Chief Executive Officer Kingsley Gree… [...]