| 13.08.2010 - US banks seizing homes at record levels |
| From Telegraph: Major US banks wrote off approximately $8bn (£5.1bn) on mortgages in the first three months of this year, on track to repeat – or even surpass - last year's full-year total of $31bn. The news could have severe implications for the wider financial market, given it was problems in the US housing market which triggered the credit crisis back in 2007..............................................Full Article: Source |