20m Borrowers Could Be Underwater before 2012: Deutsche Bank

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Bank of America said it does not comment on data provided by other sources. Wells Fargo and Deutsche Bank did. to reduce principal for underwater homeowners. Principal reduction involves reducing.

 · Source: Lee’s 2012 Deutsche Bank Leveraged Finance Presentation and Q4 2012 Results Lee’s adjusted revenue declined by 4.5% in Q4 2012 versus Q4.

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 · More than 50% of the loans it originated did not meet loan originator’s guidelines. While Deutsche Bank did not vet “ability to repay” honestly and knew its borrowers could not pay these loans back, it “tolerated misrepresentation” and “misdirected lending practices” relative to lying about the creditworthiness of its borrowers.

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