Residential lending drops 84% from peak year

An analysis of recently released 2010 data shows that the number of residential loans was down 84 percent from its peak in 2005. Lenders granted 401,595 loans totaling $83.2 billion in South.

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Residential lending drops 84% from peak year | Benworth Capital The home lending numbers during the boom years were inflated by loans that required little or no documentation or had negative amortization, said James Campanella , residential mortgage manager with Miami-based City National Bank of Florida .

Read "Mortgage Heartburn: Residential lending drops 84% from peak year" Marlyn Wiener Quoted in March 20th, 2012 Palm Beach Post Read "Mortgage Refinance Plan in Place but Lenders Wary"

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