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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Bank Stocks Reinfected With Mortgage Putback Worries

Category : Business, Stocks

NEW YORK (TheStreet) — Four years on, banks are still seeing increases in mortgage putback demands that are again pressuring shares following the recent Moody’s debt downgrade.

A more aggressive stance on mortgage repurchase demands by Fannie Mae and Freddie Mac — the two government-sponsored mortgage giants, or GSEs, that were taken under government conservatorship in September 2008 — is prolonging the mortgage mess for several of the nation’s largest lenders, which are taking their time about settling the GSE putbacks.

Freddie Mac Freddie Mac reported that as of March 31, its outstanding mortgage loan repurchase requests — based on unpaid principal balances (UPB) — totaled $3.229 billion, increasing from $2.716 billion at the end of 2011. That’s a 19% increase over just three months. …

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