Monday, October 12, 2009

 

Writedowns on Mortgage Servicing Make Even JPMorgan Vulnerable

The four biggest U.S. banks by assets may have to take writedowns on $55 billion of mortgage- collection contracts after marking them up by $11 billion in the second quarter, casting a shadow over earnings. ...

Bloomberg: Writedowns on Mortgage Servicing Make Even JPMorgan Vulnerable

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