The five biggest U.S. mortgage lenders have absorbed nearly $69B in expenses tied to soured home...
The five biggest U.S. mortgage lenders have absorbed nearly $69B in expenses tied to soured home loans since 2007, and could eventually top $120B, Bloomberg reports. At Bank of America (BAC), the figure is $40.3B; at JPMorgan Chase (JPM), it's at least $17.6B. “This is still far from over,” former TARP inspector general Neil Barofsky says.
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