somdrenter
Sorry, I'm not Patch...
Banks to ask government to take bad loan risk: report
Thursday February 14, 7:31 am ET
NEW YORK (Reuters) - The banking industry is proposing to members of the U.S. Congress and the White House that some of the risk of troubled mortgages should be shifted to the federal government, according to a report in the Wall Street Journal on Thursday.
… The Credit Suisse plan would open the way for nearly 600,000 sub prime borrowers, many of whom are delinquent on their mortgages,
to refinance into loans backed by the FHA, said the Journal, which cited a Credit Suisse spokeswoman….
Banks to ask government to take bad loan risk: report: Financial News - Yahoo! Finance
Thursday February 14, 7:31 am ET
NEW YORK (Reuters) - The banking industry is proposing to members of the U.S. Congress and the White House that some of the risk of troubled mortgages should be shifted to the federal government, according to a report in the Wall Street Journal on Thursday.
… The Credit Suisse plan would open the way for nearly 600,000 sub prime borrowers, many of whom are delinquent on their mortgages,
to refinance into loans backed by the FHA, said the Journal, which cited a Credit Suisse spokeswoman….Banks to ask government to take bad loan risk: report: Financial News - Yahoo! Finance