Loan repurchases are a $10 billion problem for big banks

Bank of America, J.P. Morgan and Wells Fargo vie with insurers, Fannie, Freddie

SAN FRANCISCO (MarketWatch) -- Just when they thought the worst of the mortgage crisis was behind them, billions of dollars in bad loans from the debacle may be rising from the dead and creeping back on the balance sheets of the largest U.S. banks.

The banks are setting aside more reserves to cover the potential costs of such repurchases, cutting into earnings.
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The trend is also pitting big lenders, insurers and mortgage-finance institutions against each other. That's a big change from the previous decade, .............http://www.marketwatch.com/story/banks-10-billion-problem-loan-repurchases-2010-02-03?dist=afterbell