Relevant:
- BofA Needs to Build $50 Billion Cushion for Housing Losses
- BofA Clash With Fannie Mae Escalates Over Loan Buyback Stance
- Ally's Mortgage Unit Settles Fannie Loan-Buyback Demands for $462 Million
- Bank of America Weighs ‘Potential Responses' to Counter Fannie Mae Demands
- Mortgage Buybacks Costing Wells Fargo?
2011-08-05 — bloomberg.com
``New demands that the bank repurchase soured loans from the two government-sponsored enterprises are coming "in numbers that were not expected based on historical experience," the Charlotte, North Carolina-based company said yesterday in its quarterly filing. Fannie Mae and Freddie Mac are being "more rigid" in resolving the demands, the bank said.''
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