Banks Report Drop in Repurchases During 4Q10, Expect More Losses
March 4, 2011
Banks reported a huge 41 percent drop in the volume of mortgage repurchases and indemnifications made during the fourth quarter of 2010, but most major institutions say the problem isn’t over yet. A new Inside Mortgage Trends analysis of call report data reveals that banks repurchased...[Includes three data charts]
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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