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Single family homes on the market. Updated weekly.Powered by Altos Research
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Mortgage-Backed Security

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Wells Fargo withholds $90 million for legal costs, shakes up mortgage bond market 

Jul 03, 2017By

Wells Fargo held $90 million back from residential mortgage-backed securities investors recently, saying that it needed the money to cover legal expenses. The legal expenses stem from lawsuits brought by BlackRock and PIMCO. Analysts suggest that the unexpected move could have an impact on the mortgage bond market. Here are the details.

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