Banks brace for losses related to mortgages

11/28/2010 | Barron's (free content)

Most major banks have repaid their government aid and generally seem to be plugging away, but a threat is emerging in the form of mortgage losses. Amherst Securities Group estimated that losses on nonagency mortgage securities will be more than $700 billion. Meanwhile, investors are demanding that banks buy back mortgages and eat much of the related losses.

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Barron's (free content)

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