Volume 2014 - Number 30
July 31, 2014
Downloads Available: GSE Reps Warranties Repurchase Activity - 1Q14 PDF Format
GSE Buyback Activity Continued to Decline in 1Q14; $3.2 Billion Still Unresolved in March
Mortgage lenders repurchased just $522.5 million of home loans from Fannie Mae and Freddie Mac during the first quarter of 2014, according to disclosures filed by the two government-sponsored enterprises with the Securities and Exchange Commission. That was by far the lowest quarterly repurchase volume reported by the GSEs, according to an analysis by Inside Mortgage Trends, an affiliated newsletter. Because Fannie and Freddie this year stopped providing detailed repurchase activity data in their quarterly earnings, the SEC disclosures are the only comprehensive source of GSE buyback activity. First-quarter repurchase volume was...[Includes one data chart]
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