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Loan Modification
: Mortgage Lender Implode-o-MeterHome Loan Banks Take Hits on Bonds
By Implode-Explode Heavy Industries
Overall, the Federal Home Loan Banks reported $326 million in combined second-quarter net income, down 71% from a year earlier, according to preliminary earnings reports compiled by the Office of Finance for the FHLB system.
The $797 million fall in net income from a year earlier resulted from larger provisions for credit losses and net losses on derivatives and hedging activities.
Full post as published by Mortgage Lender Implode-o-Meter on August 08, 2010 (boomark / email).
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