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Loan Modification

: The Truth About Mortgage.com

Big Banks Face Billions in Home Loan Buybacks

By scot184

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The four largest U.S. banks, Wells Fargo, Bank of America, Chase, and Citibank, face up to $180 billion in home loan buybacks from government sponsored entities Fannie Mae and Freddie Mac, according to Fitch Ratings. ?Fitch anticipates that a focal point of repurchase requests will be reduced documentation loans (sometimes known as Alt-A loans),? the company [...]

Full post as published by The Truth About Mortgage.com on August 19, 2010 (boomark / email).

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