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The flow of mortgage putback requests from Frannie to the banks shows no sign of slowing, says...

The flow of mortgage putback requests from Frannie to the banks shows no sign of slowing, says Fitch, and it's likely to weigh on lenders' financial results. Previously, claim activity had focused on the TBTFs, but now, says Fitch, it's the regionals at risk (PNC, FHN, and STI have all boosted reserves due to claims recently).
Comments (2)
  • WMARKW
    , contributor
    Comments (10241) | Send Message
     
    "This would represent a significant shift in claims activity away from the five largest U.S. mortgage originators (Bank of America, JP Morrgan, Citigroup, Wells Fargo, and Ally Financial), which up until now have collectively accounted for more than 85% of claims by the GSEs."

     

    Wow - The Big 5 hold a lot of these claims.
    5 Jul 2012, 03:11 PM Reply Like
  • hermosura10
    , contributor
    Comments (8) | Send Message
     
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    IRVINE, Calif., April 2 /PRNewswire/ -- New Century Financial Corporation (Nasdaq: NCEN) announced today that its...IRVINE, Calif., April 2 /PRNewswire/ -- New Century Financial Corporation (N...
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