Volume 14 - Number 2
January 29, 2010
Buyback Losses to Pressure Profits in 2010
Fannie Mae, Freddie Mac, private mortgage insurers and the FHA will be aggressively enforcing buyback provisions in 2010 against mortgage lenders to limit credit losses, according to a new report from Keefe, Bruyette & Woods. The trend picks up from the fourth quarter of 2009 where representations and warranties charges spiked as a result of a growing number of loans repurchased from the government-sponsored...
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