Wells Fargo expects increase in GSE repurchase demands

Justin Hilley, Housing Wire Wells Fargo ($33.91 1.06%) strengthened its mortgage repurchase loss reserves in the second quarter after witnessing what it said are behavioral changes from the Fannie Mae and Freddie Mac and after holding conversations with the agencies late in the quarter. Wells Fargo added $239 million worth of provisions to its mortgage repurchase loss reserve in the second quarter, […]