Analysis: JPMorgan appears in good position on mortgage repurchases

09/1/2010 | Wall Street Journal, The

Loan buyers, such as Fannie Mae and Freddie Mac, are scouring mortgages to determine whether the banks that extended the loans met all underwriting standards. If not, the lenders are being asked to repurchase the mortgages. JPMorgan Chase appears to be in a better position than its competitors for mortgage repurchases, possibly because of a deal the bank made with government-backed mortgage buyers in 2009.

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