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Loan Modification

: Mortgage Lender Implode-o-Meter

JPMorgan Pressed for More Data on Fannie, Freddie Loan Buybacks

By Implode-Explode Heavy Industries

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"The SEC asked the New York-based company to disclose more about reserves set aside to cover the cost of repurchasing bad loans it sold to Fannie Mae, Freddie Mac and other investors, according to a Jan. 29 letter released today. The SEC also told the bank to provide more details on when and how it recognizes losses on mortgages that have been modified as well as on soured credit-card debt."

Full post as published by Mortgage Lender Implode-o-Meter on June 18, 2010 (boomark / email).

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