Tag Archives: fbr capital markets

Mortgage Mess Expected To Cost Big Banks At Least $120 Billion More

Banks have been staggered by their losses on mortgage lending over the past four years. The writedowns this year have been steeper than expected. Hardest hit is Bank of America. Why? Because they bought Countrywide, the subprime lender, and Bank … Continue reading

Posted in Banks, mortgage | Tagged , , , , , | Comments Off on Mortgage Mess Expected To Cost Big Banks At Least $120 Billion More