Battle over mortgage buybacks intensifies

08/18/2010 | Wall Street Journal, The

Fannie Mae and Freddie Mac are leading the charge to make mortgage-loan originators repurchase delinquent loans. The government-owned mortgage giants are searching through loans for any questionable statements made by lenders or borrowers in loan applications. Banks are battling Fannie and Freddie on loan buybacks, with Bank of America CEO Brian Moynihan saying "it's a loan-by-loan fight."

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