Volume 15 - Number 23
November 11, 2011
Downloads Available: Outstanding Repurchase Claims by Counterparty - 3Q11
Top Lenders Continue Getting Thumped On Buybacks, Hefty Caseload Pending
Top mortgage lenders continued to write big checks to settle repurchase claims during the third quarter, but they continued to face a huge inventory of unresolved cases, according to a new analysis of corporate earnings reports by Inside Mortgage Trends. As of the end of September, the top five lenders in the industry reported a combined $19.22 billion in outstanding repurchase demands, mortgage insurance denials and other disputes related to their representations and warranties. That was down slightly, by 0.2 percent, from the previous quarter. As a group, the lenders reported... (Includes one data chart)
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