Fannie Mae and Freddie Mac demand that Wells Fargo repurchase delinquent loans

Posted on: August 23rd, 2011 by Steve Larson
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Wells Fargo announced that Freddie Mac and Fannie Mae have demanded that it repurchase soured loans, which may cost as much as $1.8 billion in addition to the $1.2 billion it had set aside for such costs as of June 20, 2011.