(AFX UK Focus) 2009-01-02 06:13 Fannie:IndyMac has $1 bln in mortgage obligations-WSJ (Interactive Investor)
(AFX UK Focus) 2009-01-02 06:13 Fannie:IndyMac has $1 bln in mortgage obligations-WSJ (Interactive Investor)
Jan 2 (Reuters) - Fannie Mae, the largest U.S. home funding company, believes that failed mortgage lender IndyMac has obligations to repurchase around $1 billion of home mortgages that failed to meet Fannie’s standards, the Wall Street Journal said, citing people familiar with the situation. Banks that sell loans to Fannie or its smaller rival, Freddie Mac, must make “representations and …
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