2008-05-27blogspot.com

"Unhappy buyers of subprime mortgages, home-equity loans and other real-estate loans are trying to force banks and mortgage companies to repurchase a growing pile of troubled loans. The pressure is the result of provisions in many loan sales that require lenders to take back loans that default unusually fast or contained mistakes or fraud. ... The potential liability from the growing number of disputed loans could reach billions of dollars ..."



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