Top Banks Quietly Flunk Fannie’s Mortgage Servicer Tests

Some of the nation’s top banks including Bank of America and JPMorgan Chase – which also rank first and third, respectively in terms of housing receivables — flunked Fannie Mae’s latest test of mortgage servicers, but the GSE isn’t exactly saying that.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_433/top_banks_flunk_servicer_test-1026579-1.html

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