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Volume 14 - Number 17

August 26, 2010

Banks Build Up Repurchase Reserves

Large bank mortgage lenders face “an extremely adverse scenario” if Fannie Mae and Freddie Mac push back a significant share of the defective mortgages they have on their books, according to a FitchRatings report. The two government-sponsored enterprises held some $354.5 billion of troubled mortgages at the end of June, the rating service noted, suggesting...

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