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Loan Modification

: Mortgage Lender Implode-o-Meter

Dubai World creditors face nine-year wait for their cash

By Implode-Explode Heavy Industries

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"Creditors of Dubai World, which include RBS and Lloyds, could be forced to accept repayment delays of as much as nine years in a sign that the recession is putting pressure on lenders to take what they can out of troubled investments."

Full post as published by Mortgage Lender Implode-o-Meter on March 24, 2010 (boomark / email).

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