Banks are feeling heat to cover losses tied to mortgages

09/23/2010 | Wall Street Journal, The

Major banks are facing increasing pressure regarding soured mortgage loans. A group of investors in thousands of mortgage securities is taking the legal route to force banks that originated or are servicing troubled subprime mortgages to either modify or repurchase the loans. The move is the latest in a string of similar efforts.

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Wall Street Journal, The

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