could be facing more than $70 billion in losses from mortgage securities that it may have to repurchase from Fannie Mae and Freddie Mac, as well as private investors. so if there was a three-month delay on the roughly two million homes currently in foreclosure, that translated into a $6 billion hit.
One billion dollars? Six billion? Ten billion? More? After scratching their heads for weeks over how much the foreclosure mess will hurt banks’ bottom lines, investors got out their calculators Thu...
could be facing more than $70 billion in losses from mortgage securities that it may have to repurchase from Fannie Mae and Freddie Mac, as well as private investors. so if there was a three-month delay on the roughly two million homes currently in foreclosure, that translated into a $6 billion hit.
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Mortgage Mess May Cost Big Banks Billions (Published 2010)
One billion dollars? Six billion? Ten billion? More? After scratching their heads for weeks over how much the foreclosure mess will hurt banks’ bottom lines, investors got out their calculators Thu...
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