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Real Estate Briefing - Categorized | Finance, Mortgage more

JPMorgan trims biggest mortgage putback estimate to $90 bln

Posted on 02 November 2010

From Bloomberg: JPMorgan Chase & Co. analysts lowered their estimate for the cost to sellers of repurchasing soured U.S. mortgages to as much as $90 billion from a range that went as high as $120 billion.

JPMorgan analysts led by John Sim and Ed Reardon removed some potential losses from their previous forecast to account for issuers including New Century Financial Corp. and Lehman Brothers Holdings Inc. having failed, they wrote…………………………………….Full Article: Source


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