First Horizon National in Memphis said Friday that it lost close to $125 million in the second quarter after it bought back scores of soured mortgage loans from Fannie Mae and Freddie Mac.

The $25.5 billion-asset parent of First Tennessee Bank took a pretax charge of $272 million related to the mortgages, most of which were originated by its national mortgage-lending unit that it sold to MetLife in 2008. (MetLife has since exited the mortgage business except its servicing portfolio.)

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