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But in the process of buying the loans and packaging them up, investment banks retain some risk of loss, including accounting items like loans held for sale, loans held for investment, retained interests in the securitizations themselves, and so-called warehouse loans that keep the origination engines at the small mortgage lenders humming.
FORBES: Magazine Article
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BP, for example, had a disappointing Q2 where production fell, while Exxon Mobil cranked out profits that were based on one-time items and accounting moves.
FORBES: What's Wrong With This Picture? Oil Up More Than 20% As World Stagnates
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Based in Los Angeles, Audit Integrity evaluates hundreds of financial items on each corporation and scores companies in three key topics: accounting and governance, financial condition and earnings quality.
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