"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."
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.
Yup. Anyone says anything about BB&T and up jumps Norm with more made up nonsense. He's like one of Obama's proxy's...trying to deflect attention away from the steaming turd in front of everyone's face. How long did he have to surf on Google to spin those numbers...or did his BB&T masters feed it to him?