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US banks to spend less on problem home loans

Posted by mortgage 108 days ago (Editorial)
NEW YORK - 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.
* 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.
Colorado ranks eighth among states as a mortgage fraud hot spot, a FBI agent specializing in white-collar crime told members of the

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