Bank of America's workforce shrinks

Bank of America's workforce shrinks
These involve mortgages sold to securitizers, primarily government-sponsored entities Fannie Mae and Freddie Mac. If the securitizer believes they were sold using incorrect data, it demands the bank take them back. Bank of America has been in a dispute …
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Insight: Ally's mortgage unit problems come full circle
But now ResCap faces litigation from private investors as well as the regulator of Fannie Mae and Freddie Mac over underwriting standards it used in making those loans, bringing a whole new set of liabilities that again threaten to take Ally down with …
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