By Kyle Chezum Updated on 10/20/2010
Large investors have begun to demand that certain major mortgage originators repurchase bonds due to improper processing. The New York Federal Reserve has put pressure on Bank of America and other banks in the wake of claims that some foreclosures and evictions have been carried out wrongfully. If the Treasury, Fannie, Freddie, and other government forces form an alliance against the major banks and force buybacks, the economic repercussions may be severe.
For full story, click here.
Didn't find the answer you wanted? Ask one of your own.
What You Need To Know About Escrow
View More
President Obama Initiates Lower FHA Mortgage Insurance Premiums
View More
The 5 New Mortgage and Housing Trends for Summer 2013
View More
Ask our community a question.
Searching Today's Rates...
Featured Lenders
RBS Citizens
Clifton Park, NY
Whitman Met, Inc.
Sacramento, CA
Vision One Mortgage
Huntington Beach, CA