Relevant:
- Mortgage Buybacks May Cost Lenders $120 Billion, JPMorgan Says
- JPMorgan Won't Detail 500,000 Loans, Trustee Says
- BofA's `Sloppy' Prime Mortgages Add to Pressure for Buybacks
- Credit Suisse finalizes $5.3 billion mortgage settlement with U.S.
- Buybacks at $46 Billion a Month Dwarf Everything in U.S. Market
2010-09-14 — bloomberg.com
"Banks are dealing with demands for repurchases from buyers and insurers of mortgage securities who say that the loans were created with false, misleading or missing data. Repurchases have already cost the four biggest U.S. lenders $9.8 billion, according to Credit Suisse Group AG. Bank of America has said it faces $11.1 billion of unresolved claims, which it reviews on a “loan-by-loan†basis."
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