Banks Lowering the Boom on Small Builders

The New York Times reports tonight on how banks are clamping down on credit to small homebuilders, with the result that many will go out of business ... is, we’re seeing conditions in home construction and home finance that are the worst since the Depression,” said Steve Fritts, associate director of risk management policy at the Federal Deposit [more...]

Date: 2009-01-20 04:51:26

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