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Reuters: Fannie says IndyMac has $1 bln in mortgage obligations: report

Started by chris, January 02, 2009, 07:59:19 AM

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Fannie says IndyMac has $1 bln in mortgage obligations: report
      


(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.<div class="feedflare">
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