9/1/2010

Loan buyers, such as Fannie Mae and Freddie Mac, are scouring mortgages to determine whether 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 competitors for mortgage repurchases, possibly because of a deal the bank made with government-backed mortgage buyers in 2009, according to The Wall Street Journal.

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