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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Banks and Tier 1 Capital Posted by K2163 on October 07, 2006 at 8:36 PM I was talking with my buddy last night. He used to run Sec Pac's REO division before they were bought out. He said 1/1/07 all banks will have to list their "tier 1" capital. They do this once a year. This is the capital that they have to keep to stay in business per the Treasury Dept. He said REO properties dig into this really bad and we should start to see some real surprises in the industry. He said it may prevent the banks from taking more properties back. Might even start to see some bank closures. Does anyone know much about this? Follow Ups: End of Year Blow Out SeanW, NC 7:58 PM, 10/09/06 (0) Who eats the defunct loans... Ward-CA 6:39 PM, 10/08/06 (1) Re: Who eats the defunct loans... k2163 12:44 AM, 10/10/06 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I was talking with my buddy last night. He used to run Sec Pac's REO division before they were bought out. : He said 1/1/07 all banks will have to list their "tier 1" capital. They do this once a year. : This is the capital that they have to keep to stay in business per the Treasury Dept. He said REO properties dig into this really bad and we should start to see some real surprises in the industry. He said it may prevent the banks from taking more properties back. Might even start to see some bank closures. : Does anyone know much about this? Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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