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Home » Buyback Activity Slowed in 3Q12, But Unresolved Cases Kept Growing
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Buyback Activity Slowed in 3Q12, But Unresolved Cases Kept Growing

December 14, 2012
Mortgage lenders saw a welcome decline in the volume of repurchases and indemnifications they had to make during the third quarter, but a new analysis of two major databases by Inside Mortgage Trends reveals that the industry made little progress in resolving the massive overhang of disputes involving loans from the depth of the housing crisis. According to bank call reports, repurchases and indemnifications declined by 21.6 percent from the second to the third quarter ... [Includes 3 data charts]
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