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  • nilsdegraaf nilsdegraaf Oct 13, 2010 9:30 AM Flag

    Moody's, Putbacks and a Lot More....

    JPM:

    Seeing a trend?

    Losses related to the repurchase of previously-sold loans are recorded as a reduction of production revenue. These losses totaled
    $1.5 billion,
    $667 million,
    $432 million,
    $672 million and
    $465 million
    for the quarters ended September 30, 2010, June 30, 2010, March 31, 2010, December 31, 2009 and September 30, 2009, respectively, and
    $2.6 billion and
    $940 million
    for year-to-date 2010 and 2009, respectively.

 
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