Regulatory Change on Mortgages Hammers TCF’s 3Q Earnings

Regulatory guidance that requires banks to write down the value of mortgages to collateral value in cases where the borrower has been through bankruptcy was a factor in the TCF’s earnings.

Article source: http://www.nationalmortgagenews.com/dailybriefing/mortgage-regulatory-guidance-factor-in-TCF-earnings-1032804-1.html

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