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.
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About The Author:
Kyle Chezum
My name is Kyle Chezum. I'm a Marketing Associate here at Lender411com. If you have any questions, feel free to contact me. Thanks!.
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