Volume 2014 - Number 39
October 16, 2014
Downloads Available: GSE Reps & Warranties Repurchase Activity - 2009-2014
GSE Buybacks Up Sharply in Second Quarter as More Disputes Over Old Business Are Resolved
Mortgage lenders continued to work through a huge pile of repurchase demands related to loans securitized by Fannie Mae and Freddie Mac before the housing market crash. The two government-sponsored enterprises reported a total of $1.269 billion of repurchases by sellers during the second quarter of 2014, according to a new analysis by Inside Mortgage Trends, an affiliated newsletter, of Securities and Exchange Commission filings by the two GSEs. That compared to just $522.5 million in repurchases during the first quarter of this year. As has been the case since the buyback issue mushroomed several years ago, most of the second-quarter repurchases focused...[Includes one data chart]
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