Volume 27 - Number 9
March 4, 2010
Downloads Available: View the attached file (in pdf format)
Mortgage Repurchases, Indemnifications Soared to Record Levels in Late 2009
Commercial banks reported a hefty $18.85 billion in mortgage repurchases and indemnifications during the fourth quarter of 2009, according to a new analysis of call report data by Inside Mortgage Profitability, an affiliated newsletter. Fannie Mae and Freddie Mac both reported increases in the volume of loans they pushed back to their lenders in 2009 because of breaches... [Includes one chart]
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