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PHILADELPHIA -- A survey by Phoenix Management finds a majority of lenders expect to see "softening" in their loan portfolios over the next six to 12 months.
In addition, 43% of lenders participating in the quarterly survey said their lending institution would likely allocate more resources to distressed portfolio management in the coming 18 months. The rest predicted that they would make no change in this area.
"This quarter, a number of indicators that we track through lender surveys are beginning to trend downward, most notably lenders' predictions about softening ...