Looks like Fannie and Freddie are calling loan originators and investment banks on their faulty lending and processing of mortgages.
Fannie, Freddie Fighting Banks On Mortgage Buybacks:
"So far, Fannie and Freddie have won buy-backs for up to 39 percent of the loans they don't like, a refund that could result bank losses as high as $33 billion, Bloomberg says, citing analysis from FBR Capital Markets. The total loss to banks, once the dust has settled, could be much higher. One estimate, from Compass Point Research and Trading LLC, places it at $179.2 billion."
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