Foreclosure Not Just for Consumers: Mortgage Lenders Face Defaults from Homebuilders

For those readers who think consumers are the only people having trouble paying their mortgages, consider homebuilders, Toll Brothers, Lennar, and KB Homes. Recently, two of their major Las Vegas apartment projects received delinquency notices, opening the door to potential foreclosure. Lending Institutions Face High Rates of Foreclosure Beyond John Q. Public, mortgage companies face