Banks’ losses from buying back bad mortgages won’t be as bad as previously expected, according to analysts at JPMorgan Chase, who estimate those repurchases will cost about 25% less than previously forecast.
Continue reading Banks’ Mortage Buyback Costs May Be Lower Than Expected
Banks’ Mortage Buyback Costs May Be Lower Than Expected originally appeared on DailyFinance on Mon, 01 Nov 2010 19:15:00.
Filed Under: Company News, JP Morgan Chase, Bank of America, Real Estate