So does anyone know who these loans are actually made to ?
Unlike the US dud CDO's which are a homogenised blend of literally millions of dud home mortgages, these REU loans are actual loans to actual property developers, are they not ?? At least thats what I thought. So it should be posible to form a view as to whether those developments have any chance of being completed on time and leasable/sellable when they are completed.
Any spies in england ?
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