Real Estate News From the We Buy Houses Team  

The Florida housing market, struggling homebuilders and problematic home-equity loans were to blame for increases in loan charge-offs. The net loan charge-offs for the second quarter were $209 million, a big jump up from the first quarter’s level of $125.8 million. The acute stress in the Florida real estate market was blamed, as property values have rapid and deep declines.

This entry was posted on Tuesday, July 22nd, 2008 at 12:07 pm and is filed under Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.