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Loan Modification

: Mortgage Lender Implode-o-Meter

JP Morgan Says Losses on WaMu Credit Cards Could Reach 24%

By Implode-Explode Heavy Industries

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" Folks, 24% is a simply breathtaking number for credit card losses, and JP Morgan is saying that is what it may see on its WaMu portfolio. Even keeling-over-and-dying Advanta is up to only 20% losses."

Full post as published by Mortgage Lender Implode-o-Meter on May 28, 2009 (boomark / email).

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