term average of 0.60%. In our opinion, the worst of Fifth Third's loan losses and foreclosure -related expenses are behind it. As foreclosure costs track lower, we think the firm's expenses will decrease and its efficiency ratio
China BAK Battery (NASDAQ: CBAK ), together with its subsidiaries, engages in the manufacture, commercialization, and distribution of standard and customized lithium ion (Li-ion) rechargeable batteries. However, as of Q2 2014, all of China BAK's producing assets have been repossessed by creditors.
WASHINGTON (Reuters) - Foreclosure activity in the United States dropped last month to the lowest level since July 2006, before the housing bubble burst, and likely will continue to drop through the first half of next year, an industry group said on Thursday.
WASHINGTON, July 17 (Reuters) - Foreclosure activity in the United States dropped last month to the lowest level since July 2006, before the housing bubble burst, and likely will continue to drop...
NEW YORK (Reuters) - JPMorgan Chase & Co, the second-largest U.S. mortgage lender, is backing away from making home loans to less creditworthy borrowers after losing faith in its ability to recover much money from foreclosing on homes, even with government guarantees.
(Rewrites throughout, adds outside comment, detail on foreclosures )
the U.S. Fair Housing Act. L.A. is suing the bank and three others over predatory lending it says led to a wave of foreclosures and lost tax revenue. The same judge two months ago turned down another motion by the bank to have the case dismissed
NEW YORK (Reuters) - A federal judge has denied Wells Fargo's latest bid to end a lawsuit brought by the Los Angeles city government accusing the bank of discriminatory lending that led to a wave of foreclosures among minority borrowers.
which claims the bank mishandled a federal program that helped homeowners avoid foreclosure during the recession. "SunTrust's mismanagement drove up foreclosures , decimated individual credit and increased costs for hard-working men and women
Survey for the first quarter of 2014 showed that the foreclosure situation is improving, which translates into less supply. New foreclosures have fallen to pre-crisis levels while foreclosure inventory has decreased substantially. In addition