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

August 23, 2011 by

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.

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