Posted by 101livescan on 8/16/09 4:54pm
Msg #300250

More Banks Slated to Fail w/ Toxic Loans of 5% of Portfolio

http://www.bloomberg.com/apps/news?pid=20601109&sid=aTTT9jivRIWE

Flagstar is on this list...I've signed tons of Flagstar loans in my career.

Reply by MW/VA on 8/17/09 2:29pm
Msg #300389

This is horrible news. I, for one, never connected these bad loans to the possibility of bank failures. At 5% there are going to be many, I'm sure. I know I've signed lots of Flagstar & TBW loans, and most were FHA at that.