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Loan Modification

: Mortgage Lender Implode-o-Meter

Profit for Banks Dimmed by Home-Equity Loss Seen at $30 Billion

By Implode-Explode Heavy Industries

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" Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. may have to set aside an additional $30 billion to cover possible losses on home-equity loans, an amount almost equal to analysts? estimates of profit at the three banks this year."

Full post as published by Mortgage Lender Implode-o-Meter on April 12, 2010 (boomark / email).

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