Analyzing GSE Mortgage Buyback Demands (GSE Repurchase Activity 2006-2011)

As of the end of 2011, Fannie Mae and Freddie Mac have sought repurchases on $76.36 billion in mortgages, nearly 10 times as much as non-agency securitizers have sought. Nearly half the GSE demands have resulted in lender buybacks, but more than a third were withdrawn, usually because the lender showed a repurchase wasn’t necessary. Individual lenders’ stories are dramatically different, though, as they have faced varying levels of exposure and success in beating back these requests.

In the new report Analyzing GSE Mortgage Buyback Demands, Inside Mortgage Finance breaks down the win-loss record lender by lender. You’ll learn which lenders faced the largest amounts of repurchase demands and which saw large portions of their GSE business called into question. For each lender, you’ll also know how the demands panned out: What share was repurchased, how often the demand was withdrawn, and what’s still in play.

You’ll discover:

  • Every loan sold to the GSEs by Golden First Mortgage between 2006 and 2011 faced a repurchase demand, but all of the demands were later withdrawn.
  • GMAC/Ally Financial repurchased two-thirds of its loans from the 2006 to 2008 era that faced a demand. But for loans made between 2009 and 2011, more than 60 percent of the GSEs’ demands made against the lender have been withdrawn.
  • Demands against Freedom Mortgage’s 2006-2008 loans as a percent of assets were nearly double the average while Branch Banking & Trust’s were less than half the average.

Analyzing GSE Mortgage Buyback Demands includes detailed statistics for all 688 lenders faced with Fannie or Freddie repurchase requests for loans made between 2006 and 2008 and all 1,121 with loans made between 2009 and 2011.

For each lender, you’ll know the repurchase demand by volume and by percent of assets as well as the percent of demands repurchased, withdrawn, disputed and pending:

+ For all GSE buyback demands 2006-2008 and 2009-2011, ranked by volume and listed alphabetically

+ For all Fannie Mae buyback demands 2006-2008 and 2009-2011, ranked by volume

+ For all Freddie Mac buyback demands 2006-2008 and 2009-2011, ranked by volume

+ Plus you’ll know, year by year, the volume and percent of demands, repurchases, pending requests and withdrawn demands for the GSEs together and separately.

Use the data in Analyzing GSE Mortgage Buyback Demands to benchmark your repurchase exposure and mitigation rate. See how the demands against your business compare to every other lender who has sold loans to Fannie and Freddie from 2006 to 2011. Find out how they’ve fared in turning back the demand and whether your record is above or below par.

Where the data come from and other FAQ.


Price (with delivery in US (includes shipping) - $342.00
Price with delivery outside US (includes shipping) - $397.00
PDF Format - $342.00

Please contact Customer Service if you need assistance: 1-800-570-5744


What will Fannie Mae’s and Freddie Mac’s new 97 LTV programs mean for your business?

It will give our business a big boost as there is a lot of pent up demand for the product.
It will have only a minor impact on our overall business as we already are doing high LTV business through FHA and some of our high LTV FHA business is likely to shift to Fannie and Freddie.
It won’t have any impact on our business as we plan to steer clear of all high LTV business – particularly in the GSE market.

vote to see results
Housing Pulse