Mortgage Repurchases Said To Slow Recovery

06 Sep 2011

Government demand that banks buy back some $120 billion in bad mortgages is slowing the U.S. economic recovery, says Paul Miller, an analyst with FBR Capital Markets.

Government demand that banks buy back some $120 billion in bad mortgages is slowing the U.S. economic recovery, says Paul Miller, an analyst with FBR Capital Markets. Miller also wrote in an investment note that Fannie Mae, Freddie Mac, the Federal Housing Authority and the Federal Housing Finance ...

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