Big Banks Expect To Spend Less On Problem Home Loans

* Declining delinquencies spark hope that worst is passing * JPMorgan, Bank of America, Wells Fargo forecast savings * Citigroup wary, watching repeat defaults By Rick Rothacker and David Henry Jan 27 (Reuters) – Even as President Barack Obama is calling for more assistance for struggling mortgage borrowers, major banks are looking forward to spending less to handle problem home loans.
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Original post by Robert Cernansky

Brought to you by for Todays Mortgage News

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