tag:blogger.com,1999:blog-2520529622848941473.post4025032929571234495..comments2023-07-07T04:54:52.640-04:00Comments on Shocked Investor: U.S. Banks Are Reporting Phantom $1.4T on Interest From Foreclosed Properties: Massive Losses ComingThe Shocked Investorhttp://www.blogger.com/profile/18143973693373656233noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2520529622848941473.post-66480748568451900612011-01-22T13:57:23.411-05:002011-01-22T13:57:23.411-05:00Interest due on $1.4 trillion of face value mortga...Interest due on $1.4 trillion of face value mortgages, as Lenzner claims in Forbes, does not equal $1.4 trillion in interest on bad mortgages, as shocked investor claims. The actual amount of unpaid interest would be a function of (a) the interest rate of the mortgage and (b) how long that interest has not been paid. It is possible that the unpaid interest amount might equal the $1.4 trillion face value, but pretty unlikely.Kronoshttps://www.blogger.com/profile/14204679184167634110noreply@blogger.com