According to Bloomberg, the four largest banks in American may write down roughly $55 billion in mortgage collection contracts (also known as mortgage servicing rights) in Q2 of 2010. Contributing to the financial challenges include homeowners’ inability to refinance (due to being upside down) along with record foreclosures. Banks are in the business of properly assessing risks and loss exposure, yet they’ve been anything but successful. Why would you wait to address your own personal financial balance sheet when SYD Financial can help you RIGHT NOW? Call 866-364-9161 to speak to a debt counselor.

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