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  • normlasky normlasky Sep 1, 2011 7:28 PM Flag

    Hurricane Irene landed in North Carolina

    "Could be the straw that breaks BBTs back. Report is many were under insured so large number of walk aways and house keys mailed to BBT. Oh well, BBT is not the first bank in the world to close its doors."

    More Hogwash.

    Losses incurred by bbt will be very small. In fact, it might even be positive in the case of foreclosed properties where replacement cost is higher than market value. Avg ltv on residential mtgs is 73% and refreshed fico score is 721. Avg ltv on home equity loans and lines is 59% and refreshed fico score is 747. Their. mtg. portfolios are solid and around 95% of the aggregate loan balances are on prime loans.

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