Wells Fargo mortgage buybacks could top $1.8 billion

Started by Reuters, Aug 06, 2011, 01:02 AM

Reuters

CHARLOTTE, North Carolina (Reuters) - Wells Fargo & Co may have to buy back an additional $1.8 billion in toxic mortgages from outside investors on top of claims it already received, the fourth-largest U.S. bank by assets said in a securities filing on Friday.