Loss Agreement News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> what do you mean by how much did they pay us for the losses? >> what was the compensation for the fdic for foreclosing on homes? share loss agreement. >> the way the shared loss agreement, and i would comment, i think there's been like 400 shared loss agreements, i think, according to the fdic's public data, they believe that they saved $40 billion by using the shared -- >> the answer is $1.2 billion. $1.2 billion. >> but that's after we absorbed $2 billion of losses. >> so you're not saug that's not a motivation to foreclose on a home is $1.2 billion? >> no, it's not a motivation because t...

Lousy mortgage bank into a regional bank. i have to convince my investors they'd make money, but i saw it as also a great goal of building a business. now i just may comment and, yes, my investors made a lot of money on one west but i just comment of if we had just invested in jpmorgan and bank of america and handful of other stocks we would have made a lot more money. and i wouldn't have to have worked nearly as hard. so a big part of the financial return ultimately was, we invested in the market at a very depressed period of time. >> were you motivated ---or let me ask it this way. was it an...