Blogs Posts on "Loan Losses"

Bank of America loses $2.24B as loan losses rise by What's My Credit Score on Nov 19, 2009CHARLOTTE, N.C. - Bank of America Corp. said Friday it lost more than $2 billion in the third quarter as loan losses kept rising, providing further evidence that consumers are still struggling to pay their bills.The nation's second-largest bank, whic...

How are US Banks Doing These Days? by EconomicsJunkie.com on Oct 24, 2009Sometimes a few charts say more than a thousand words … (ALLL = Allowance For Loan and Lease Losses) All these charts ultimately tell us : - Banks continue to face an ocean of non performing loans - But these non-performing loans are out...

Do you think its foolish to have a fixed interest rate mortgage for the next five years? by Financial Planning on Sep 25, 2009Fixed Rates cost more on repayments but secure your budget and if interest rate go up but highly unlikely right now. Should I go for variable? yes I know if rate goes up I pay more but if it doesnt for the next five years I will pay more anyway if I...

How does an FHA home loan differ from other home loans? by FHA Loan Rates on Sep 9, 2009I’m looking at houses online and some of them say FHA buyers welcome. Does this mean that some people don’t want to deal with someone who has an FHA loan? Please also tell me anything you know about FHA loans. Thanks. Related Articles...

How does an FHA home loan differ from other home loans? by Financial Planning on Sep 9, 2009I’m looking at houses online and some of them say FHA buyers welcome. Does this mean that some people don’t want to deal with someone who has an FHA loan? Please also tell me anything you know about FHA loans. Thanks. Related Articles...

I want to refinance from a balloon to a 15 year fixed rate mortgage? by Financial Planning on Sep 4, 2009I live in Saginaw, Michigan. The house is supposed to be worth k. I still owe k. I refinanced already twice and didn’t have to pay PMI because the first mortgage was a VA loan. Will I have to pay PMI this time, and what lender should I choose?

Do you have bad credit history? by Our Happy Money on Apr 6, 2009Mike Mayo, a CLSA analyst, just assigned an “underweight” rating to U.S. banks and predicted loan losses will exceed levels from the Great Depression. This means that he predicts that there will be more credit trouble, including credit card probl...

Mayo Says Loan Losses Will Exceed Depression Levels by Our Happy Money on Apr 6, 2009Mike Mayo, who left Deutsche Bank AG last month and joined CLSA, assigned an “underweight” rating to U.S. banks and predicted loan losses will exceed levels from the Great Depression. After Mayo gave “sell” ratings to banks U.S. stocks droppe...