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

Posted on: August 23rd, 2011 by Steve Larson

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.