The potential mortgage putback risk is staggering, according to June 30 data from Federal Reserve filings, supplied by SNL Financial.
Bank of America was servicing $148.8 billion in one-to-four family mortgages loans (excluding home equity lines) for others that were past due over 90 or more days, plus another $22.6 billion in "early-stage delinquency" of 30 to 80 days.
JPMorgan Chase serviced $52.4 billion in one-to-four family mortgage loans for others that were past due 90+ days, plus another $9.0 billion past due 30 to 90 days.
For Wells Fargo, one-to-fours serviced for others that were past due 90+ days totaled $5.9 billion, while those past due 30 to 89 days totaled $14.8 billion.For Citigroup, one-to-four family mortgages serviced for others that were past due 90 or more days totaled $1.7 billion, while earlier-stage delinquencies within the portfolio serviced for others totaled $5.0 billion.
Philip van Doorn. To follow the writer on Twitter, go to http://twitter.com/PhilipvanDoorn.