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Big Banks Say Mortgage Crisis Is Over

January 14, 2011 By Craig Stahl 1 Comment

The latest financial results from the banking industry point to a resolution of the mortgage crisis that nearly resulted in the nationalization of the country’s biggest banks three years ago. In a dramatic turnaround the country’s largest banks have repaid government loans, often with large profits to the government.  Billions of dollars in new capital […]

Filed Under: Bank Lending, Banking News, featured, Loan Delinquency, problem banks, Strategic Defaults Tagged With: 15.6% of all mortgages delinquent, banks own $54 billion in foreclosed properties, mortgage crisis is over say banks

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