With Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) increasing their efforts to persuade banks...

|About: Fannie Mae (FNMA)|By:, SA News Editor

With Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) increasing their efforts to persuade banks to buy back soured mortgages, five top lenders - BofA (BAC), Wells Fargo (WFC), JPMorgan (JPM), Citigroup (C) and Ally Financial - set aside nearly $3B in H1 to repurchase the loans, Bloomberg calculates. Regional lenders such as SunTrust Banks (STI) put aside an extra $1.3B.