http://lenderama.com/2009/06/08/mortgage-market-update-80/ The Original Mortgage Blog. Providing the Mortgage Industry with News and Information Since 2005. Fri, 19 Mar 2010 20:00:23 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://lenderama.com/2009/06/08/mortgage-market-update-80/comment-page-1/#comment-4433 Pling Wed, 10 Jun 2009 15:39:24 +0000 http://lenderama.com/?p=2730#comment-4433 This may or may not be relevant, but you should know that there's a big storm brewing in the hotel industry. There's hotels falling into foreclosure in dozens and lenders pulling out of big projects. And this is not old stuff. Started couple of weeks back, and it's gaining ground. Reason I stress on it is that the main cause is the drop in real estate values of the properties, which is making investors think that it's better to cut losses and hand it back to lenders, rather than struggle on in the hope that real estate values will go back up. This may or may not be relevant, but you should know that there's a big storm brewing in the hotel industry. There's hotels falling into foreclosure in dozens and lenders pulling out of big projects. And this is not old stuff. Started couple of weeks back, and it's gaining ground. Reason I stress on it is that the main cause is the drop in real estate values of the properties, which is making investors think that it's better to cut losses and hand it back to lenders, rather than struggle on in the hope that real estate values will go back up.

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