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Home-Equity Loans Latest to Bite Banks

Even lenders that dodged subprime chaos suffering big trickle-down losses

By Jim O'Neill, Newser User

Posted Mar 12, 2008 12:03 PM CDT

(Newser) – Home-equity loan defaults are soaring, the Wall Street Journal reports, as the trickle-down effect of the subprime mortgage crisis makes its way into what was once a source of big profits for lenders. JP Morgan Chase and Wells Fargo both escaped major writedowns on subprime... Read full story »

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Home-Equity Loans Latest to Bite Banks

Even lenders that dodged subprime chaos suffering big trickle-down losses

Bear Stearns • Wells Fargo • National City • Washington Mutual • SunTrust Banks • housing crisis • subprime crisis • home-equity loans • JPMorgan Chase

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More Newser Stories

Calif., NY May Sign On to Robo-Signing Settlement

Obama administration nearing deal for mortgage relief

Perry Gave Huge Tax Grants to Subprime Lenders

Countrywide, WaMu got $35M as they upped risky loans

WaMu 'Poisoned' Financial System: Senate Report

Senate panel says lender knowingly built 'mortgage time bomb'

JPMorgan Plans Relief for $110B in Mortgages

WaMu customers included in measure to avoid foreclosures

Feds Search for WaMu Buyer

Falling share price stokes worries of a bank run

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