Volume 18 - Number 1
January 10, 2014
Downloads Available: Bank/Thrift Mortgage Repurchase/Indemnification Activity in 2013 - as of 3Q13
Bank Repurchases Hit 5-Year Low in 3Q13
Commercial banks and savings institutions coughed up $1.998 billion in mortgage repurchases and indemnifications during the third quarter of 2013, according to a new Inside Mortgage Trends analysis of call-report data. It was the lowest quarterly repurchase total for the industry since the third quarter of 2008, when the buyback storm was just beginning to gather force. The third quarter 2013 total also reflected a 25.2 percent drop from the second quarter. For the first nine months of 2013 ... [Includes one data chart]
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