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Government Requests Banks To Buyback $30 Billion Of Defaulted Mortgages

September 15, 2010 By Bill Zielinski Leave a Comment

September 15, 2010 – Defaulted mortgage loans sold to Fannie Mae and Freddie Mac during the peak years of the mortgage boom are now resulting in billion dollar losses for some of the largest banks in the country. Fannie Mae and Freddie Mac, now under the conservatorship of the Federal Housing Finance Agency (FHFA), are […]

Filed Under: Bank Lending, Banking News, Fannie and Freddie, Financial Crisis, Loan Delinquency, Mortgage Defaults Tagged With: FHFA hits banks for $30 billion in mortgage buy backs, mortgage loan buybacks hit banks for billions

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