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SunTrust Banks Inc., which has dropped 17 percent

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Re: MWM post# 32
Post # of 65 
SunTrust Banks Inc., which has dropped 17 percent after the explosion, and Regions, based in Birmingham, Alabama, were among lenders whose first-quarter reports cited improving prices for distressed condos and other real estate, reflecting increased buyer confidence. Almost 30 percent of Atlanta-based SunTrust’s residential construction and mortgage business and 38 percent of its home-equity loans are in Florida. Home prices stabilized this year after declining in some resort towns by more than 60 percent from 2005 peak levels, Baars said.

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