So you thought the worst of mortgage crisis was behind us? Well, not so fast. Mortgage insurers are apparently starting to balk, and paying claims on $6 billion in claims filed by banks holding delinquent mortgages, notes Moody's. Bond insurers also aim to recover more than $4 billion from banks "for breaches of representations and warranties on residential mortgage-backed securities they guaranteed," MarketWatch notes. That could easily go toward $10 billion.

At the same time, Fannie Mae and Freddie Mac are asking banks to repurchase some mortgages. Chris Whalen, the respected industry bear at Institutional Risk, told the publication that Bank of America (BAC) and Wells Fargo (WFC) may be particularly exposed. However, both seem to have been reserving against all this.

For more:
- here's the MarketWatch article

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