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

August 23, 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.

Categories: Class Actions of Interest

Tags: Wells Fargo

Steve Larson

An experienced trial lawyer who handles both hourly and contingent fee cases, Steve has expertise in class actions, environmental clean-up litigation, antitrust litigation, securities litigation, corporate disputes, intellectual property disputes, unfair competition claims, and disputes involving family wealth. Steve regularly represents individuals and businesses in federal and state court and has obtained class-wide recovery in multiple class actions. A veteran practitioner, Steve’s clients value his creative approach to resolving complex litigation matters.

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