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Loan Modification

: Mortgage Lender Implode-o-Meter

Banks May Face $134 Billion Loss on Loan Refunds, Compass Says

By Implode-Explode Heavy Industries

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"Bank of America Corp. and JPMorgan Chase & Co. are among 11 lenders that could suffer $133.8 billion in combined losses as mortgage-bond investors and insurers demand refunds for soured loans, according to an analysis by Compass Point Research and Trading LLC."

Full post as published by Mortgage Lender Implode-o-Meter on August 19, 2010 (boomark / email).

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