30.07.2009 - U.S. banks homebuilding losses to taper in six months: S&P
From Reuters: U.S. banks' losses from loans to homebuilders should start to taper off in about six months, a Standard & Poor's analyst said on Wednesday. "The bottom in homebuilder activity apparently started forming after the second quarter closed, so write-offs should taper off late this year or early next," said Tanya Azarchs, a bank credit rating analyst with Standard & Poor's in New York.........Full Article: Source