Fannie, Freddie Ask Banks to Eat Soured Mortgages (Update1)

Fannie, Freddie Ask Banks to Eat Soured Mortgages (Update1)
That’s the estimate of Oppenheimer & Co. analyst Chris Kotowski , who says U.S. banks could suffer losses of $7 billion this year when those loans are returned and get marked down to their true value.

Read more on Bloomberg

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Tagged as: banks, Bloomberg, Fannie, Fannie Freddie, Freddie, Kotowski, loans, Losses, Mortgages, Oppenheimer, Soured, True Value, Update1