Banks and Thrifts Take a Beating From Mortgage Market Downturn
March 6, 2008
Although one in four institutions took a loss in the fourth quarter, the banking and thrift industries managed to report $5.8 billion in net income during the period despite the huge drag of slumping housing markets. Banks made out a lot... [Includes three charts]
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
The 10-year Treasury rate is declining and the possibility of a recession is growing.
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