Fannie, Freddie May Ask Banks to Eat $21 Billion of Sour Loans
Fri, 03/05/2010 - 05:39
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 $21 billion of home loans this year as part of a crackdown on faulty mortgages.
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