National Construction Loan Delinquency Hits 10%

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Last updated: November 3, 2008 09:43am

National Construction Loan Delinquency Hits 10%

By Brian K. Miller

SAN FRANCISCO-The increase from 8.1% at mid-year is being driven by a sharp rise in nonaccruals--past due loans on which the lender has stopped accruing interest because full repayment is doubtful.

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