Volume 14 - Number 4
February 26, 2010
Downloads Available: View the attached file (in pdf format)
Banks Hit With Heavy Mortgage Repurchase Demands in 2009
Banking organizations were pressed to buy back a record $18.85 billion of mortgage loans during the fourth quarter of 2009, according to a new analysis of call report data by Inside Mortgage Profitability. Total mortgage repurchases and indemnifications by banks jumped 162 percent from the third to the fourth quarter as investors – primarily Fannie Mae... [Includes one chart and one graph]
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