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freddie mack: Fannie Mae & Freddie Mac may force lenders to buy back $21bn of home loans - 4Malibu.com - 03/06/10 02:24 PM
 
 
 
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Fannie Mae and Freddie Mac may force lenders including Bank of America Corp., JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. to buy back $21bn of home loans this year as part of a crackdown on faulty mortgages.
That's the estimate of Oppenheimer & Co. analyst Chris Kotowski, who says US banks could suffer losses of $7bn this year when those loans are returned and get marked down to their true value. Fannie Mae … (1 comments)

 

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