Browse articles from all of our Newsletters related to Mortgage Buybacks.
August 28, 2015 - Inside The GSEs
Fannie Mae and Freddie Mac reported big declines in mortgage repurchases and their inventories of unresolved buyback requests during the second quarter of 2015, according to a new Inside The GSEs analysis of disclosures filed with the Securities and Exchange Commission. Freddie reported a 19.1 percent drop in repurchases from the first to the second quarter of 2015, while Fannies decline was a more modest 3.9 percent. Together, the two GSEs reported $436.3 million in repurchased or indemnified loans during the second quarter, the lowest amount since Fannie, Freddie and other securitizers began reporting repurchase activity in early 2012. On a combined basis, Fannie and Freddie reported new lows in pending repurchases ($732.2 million) and disputed buyback requests...
August 28, 2015 - Inside Mortgage Trends
Mortgage sellers doing business with Fannie Mae and Freddie Mac saw a sharp decline in repurchase activity in the second quarter of 2015 as the buyback focus continued to shift toward more recent production. The two government-sponsored enterprises reported a total of $436.3 million in mortgage repurchases during the second quarter, down 11.2 percent from the previous period. It was the lowest quarterly buyback number since ... [Includes two data charts]
August 14, 2015 - Inside MBS & ABS
A federal appeals court in New Orleans has overturned a 2014 district court ruling, reviving two government MBS lawsuits that were initially dismissed because they were filed past the states established time limit. The Federal Deposit Insurance Corp.s separate lawsuits against RBS Securities Inc., on one hand, and against Deutsche Bank and Goldman Sachs, were both filed on Aug. 17, 2012. The complaints alleged that the banks misled investors about the credit quality of the mortgage loans that backed $840 million in non-agency MBS. The district courts decision to dismiss, however, turned on...