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BB&T Corporation Message Board

  • dhrosier dhrosier Oct 14, 2010 3:56 PM Flag

    50 states joint investigation of foreclosures

    Reuters article, among many:

    http://www.reuters.com/article/idCNN1411774120101014?rpc=44

    "All 50 U.S. states have started a joint investigation of the mortgage industry, focusing on allegations that some banks did not review documents properly or submitted false statements to evict delinquent borrowers."

    It is interesting that BBT has not been taken down as hard as the BKW index (^BKX) or any of the other banks I look for comparison.

    JMHO that BBT has played it straight, and likely has gotten enough control over Colonial that they are clean relative to the industry in general.

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    • First to agree bbt is ethical. Foreclosures and commercial loans are the issue. Currently walkaways are taking there tolls as well as repeat subprime loans are starting to hit a second time. In addition commercial property is not doing well and having to eat vacant strip malls and apartments is killing the banks. Lastly 462,000 new unemployment claims is going to impact on mortgages, credit cards and vehicle payments. The administration missed the boat, foreclosures and unemployment should have been where the energy was put after election, not he alth care. glta

 
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