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Banks could face new source of mortgage losses

Published on October 3, 2011 By admin

The following is brought to you by David Henry at Reuters.Com A federal housing insurance program may be forced to deny bank claims for money lost in home loan foreclosures, costing them another $13.5 billion in mortgage-related losses, according to a report on Monday from bank analyst Paul Miller of FBR Capital Markets. Bank of […]

Builders Warn Against Home Sales to Banks

Published on September 27, 2011 By admin

The following is brought to you by Mike Colpitts at HousingPredictor.Com. Financial giants like Goldman Sachs, Bank of America, JP Morgan Chase and private hedge funds should be prevented from purchasing the glut of foreclosed homes held by Freddie Mac, Fannie Mae and the FHA, the National Association of Homebuilders warns. Testifying before the Senate […]