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.
From other sites
Comments (2)
  • dmallik
    , contributor
    Comments (29) | Send Message
     
    How about, "THE AMERICAN TAXPAYERS have absorbed nearly $69B in expenses tied to soured home loans since 2007"........
    21 Oct 2011, 11:27 AM Reply Like
  • bonehead69
    , contributor
    Comments (210) | Send Message
     
    Is it any wonder that banks aren't willing to lend anymore money. The government is going all in to insure the riskiest borrowers top out their credit lines?
    21 Oct 2011, 11:44 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs