Mortgage buybacks can vary significantly among seller/servicers because its driven by business and legal processes rather than current market dynamics.
Despite growth in the non-agency jumbo market, primary market lenders remain focused on production that they can safely securitize through the GSEs and Ginnie Mae.
An estimated 86.4 percent of new mortgage originations were packaged into MBS during the first half of 2013, according to a new Inside MBS & ABS analysis. Despite some growth in the non-agency jumbo market, primary market lenders remain focused on production that they can safely securitize through Fannie Mae, Freddie Mac and Ginnie Mae. Securitization rates generally climb...