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Integra's Earnings Press Release

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2Q EARNINGS

Integra Reports $44 Million Loss

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Despite a second-quarter loss of $43.9M that left it with a capital shortfall, Integra Bank in Indiana said it has made progress in dealing with its souring ...

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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