US systemic lenders have continued to lowball simulated mortgage losses within the Federal Reserve’s stress check, with the hole between their respective estimates widening additional.
Underneath the severely opposed situation of this 12 months’s Dodd-Frank Act stress check (DFAST), the eight lenders modelled $161.3 billion of mixture mortgage losses, $83.6 billion or 34% in need of the Fed’s estimate. Final 12 months, the hole was $64.8 billion, or 28%.
Wells Fargo’s projected losses diverged essentially the most from the Fed’s
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