Tag Archive: Big banks suck

Mar
08

Repurchased Loans Putting Banks in Hole

By APARAJITA SAHA-BUBNA Lenders such as Bank of America Corp., J.P. Morgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. will brave stiff headwinds this year as they face demands to buy back defectively underwritten mortgages. Annual reports filed by major mortgage lenders show big surges in the volume of loans being repurchased …

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