GSE Repurchase Data Suggest Industry May Be Turning the Corner on Buybacks
April 12, 2013
Despite an uptick in the fourth quarter, the volume of Fannie Mae and Freddie Mac mortgages repurchased by lenders declined by 10.3 percent from 2011 to 2012, according to a new Inside Mortgage Trends analysis of data reported by the government-sponsored enterprises. In their year-end earnings reports, the GSEs said total repurchases and other resolutions of buyback demands typically indemnification of the GSEs loss dropped to $20.57 billion last year. It was still the second ... [Includes one data chart]