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At Sept. 30, 2015, approx. 3.8% of the outstanding balances of residential mortgage loans were in the interest-only phase vs. 5.3% at 4Q14-end. Within the next 3 years approx. 89.6% of interest-only balances will begin amortizing for $BBT. Approx. 2% of interest-only loans are 30 days or more past due and still accruing and 1.5% are on nonaccrual.
America becomes great again!! $GM plans to move automobile production from Mexico to US, adding thousands of jobs.
$KMI will report its 4Q results today. Any idea what to expect?
Music enthusiasts get a late Christmas present from $AAPL! GarageBand and Logic Pro X both will get updates and it is big! While it won’t have a huge impact on the stock price, Apple is up a little nevertheless.
$UNH finishes 2016 Strong. Having high hopes for UnitedHealth in 2017.
Denial is the first step to acceptance and $JPM was no exception. Racial discrimination against over 50,000 mortgage borrowers and caught red-handed, but still denying it. But at least the bank said it will pay $55 million as settlement for this issue.