Loan repurchases pit big banks, insurers, GSEs against one another

02/4/2010 | MarketWatch

Bank of America, JPMorgan Chase, Wells Fargo and other major lenders may be forced to repurchase bad loans from Freddie Mac, Fannie Mae and other mortgage giants as well as insurers. During the housing boom, the mortgage and insurance companies agreed to take on the risks associated with the troubled loans. The situation has put the banks at odds with the insurers and mortgage firms, which previously worked together to help spur the real estate market.

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