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Volume 2014 - Number 30

August 1, 2014

Buybacks, Indemnifications Will Continue, But There Are Many Coping Strategies Available, Experts Say

Mortgage buybacks and indemnifications may be off their peak in terms of volume, but they are widely expected to continue for the foreseeable future, industry experts said this week. But the good news for the industry is that there are a variety of defenses and coping strategies available, depending on the particulars of a given situation. Amanda Raines, a partner in the Washington, DC, office of the BuckleySandler law firm, told participants of an Inside Mortgage Finance webinar this week that more buybacks are definitely on the way. “The Department of Justice is still making financial fraud a priority,” she said. Raines noted...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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