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Loan Modification

: Loan Modification & Home Loan News

Banks Could Lose $97 Billion From Mortgage Mess

By Moe Bedard

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As investors try to get refunds for shoddily documented mortgage securities, banks could lose nearly $100 billion, according to one company’s estimate. Speaking Wednesday at a Manhattan conference, Laurie Goodman, an analyst and economist with Amherst Securities Group, said the cost to banks as investors attempt to “put back,” or sell back, their mortgage securities [...]

Full post as published by Loan Modification & Home Loan News on October 29, 2010 (boomark / email).

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