Relevant:
- Banks Recruit Investors to Oppose Honest Valuation of Assets; Just how Unprepared are Banks for Major Losses?
- Wells Fargo reports higher profit on mortgages
- 2nd Mortgage Holders (Banks) Now to be Bailed Out Too - Breaking!
- Wells Fargo: Earnings Drop as More Borrowers Miss Payments
- U.S. banks haunted by mortgage demons that won't go away
2010-07-28 — housingwire.com
"Tuesday, July 27th, 2010, 3:09 pm
Each of the "big-four" banks, Bank of America (BAC: 14.19 0.00%), Wells Fargo (WFC: 28.39 0.00%), JPMorgan Chase (JPM: 40.69 0.00%) and Citigroup (C: 4.16 0.00%) released quarterly earnings reports for Q210 in July, reporting a total increase of $9.5bn in nonperforming or foreclosed properties from the same quarter last year."
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