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Loan Modification

: Loan Modification & Home Loan News

US banks seizing homes at record levels

By Moe Bedard

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Major US banks wrote off approximately $8bn (£5.1bn) on mortgages in the first three months of this year, on track to repeat ? or even surpass – last year’s full-year total of $31bn. The news could have severe implications for the wider financial market, given it was problems in the US housing market which triggered [...]

Full post as published by Loan Modification & Home Loan News on August 16, 2010 (boomark / email).

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