Posted on April 21st, 2008 in Daily Mortgage/Housing News - The Real Story
This research from Fitch is top rate and scary. It was not readily circulated for obvious reasons…it shows how bad off the banks are. It highlights the top 25 US Banks and thier exposure to Home Equity Loans as a percentage of gross loans, assets and bank equity. This is about as ugly as it gets.
For more on Home Equity Loans, please see my YouTube video entitled ‘Big Banks Deadly HELOC Exposure’.
– Best Mr Mortgage
FITCH RATINGS: US Home Equity Woes: BanksGrapple with Higher Losses