Analysts Refute Claim of Bank Losses on Repo FHA Loans
May 6, 2011
Wall Street analysts said it is unlikely banks will take losses on repurchased delinquent FHA mortgage loans, easing fears that FHA may not fully reimburse those losses due to servicing errors. Commenting on a report challenging banks policy of accruing interest on delinquent FHA loans, analysts at Keefe, Bruyette & Woods said ...