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That's called "extend (the loan term) and pretend (that the collateral has enough value)". Here's the real estate industry saying that's a good thing, [1] "savi
by Animats 2y ago
That's called "extend (the loan term) and pretend (that the collateral has enough value)". Here's the real estate industry saying that's a good thing, [1] "saving the market from becoming flooded with devalued assets."
[1] https://www.loopnet.com/learn/why-extend-and-pretend-may-be-prudent-for-both-lenders-and-borrowers/124625489/ https://www.loopnet.com/learn/why-extend-and-pretend-may-be-...