mortgage buybacks

Banks' Mortage Buyback Costs May Be Lower Than Expected

Banks' losses from buying back bad mortgages won't be as bad as previously expected, according to analysts at JPMorgan Chase, who estimate those repurchases will cost about 25% less than previously forecast.

How Much Will Foreclosures Hurt Big Banks?

The crisis could hit bank earnings in several ways, not all of them directly related to the foreclosure problem. One big risk is "putbacks," the faulty loans banks could be forced to repurchase. JPMorgan puts that cost at up to $120 billion.