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Comment of the day

"Note that the first loan is for affordable housing, which is developer speak for free money. (tax rebates anyone?) The second loan is for a luxury condominium. Look for loans to developments targeted at normal members of society, and not either end of the financial spectrum, before assuming they've re-inflated the housing bubble. The first loan is not that shocking, affordable housing is still big business in Miami, the second one is probably worth noting in terms of changes in the market."-Prem Lee Barbosa [Holy Crap, Banks Are Lending Again]