PNC Boosts Reserves for Fannie, Freddie Mortgage-Putback Demands

PNC Financial Services Group recorded a $254 million pretax provision in the fourth quarter for expected increases in mortgage-repurchase demands from Fannie Mae and Freddie Mac.

Article source: http://www.nationalmortgagenews.com/dailybriefing/pnc-boosts-reserves-1033746-1.html

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