An appraisal company failed to note that improvements to a refinanced property happened to encroach on neighboring land, but the lender, First Community Mortgage, couldn’t pin losses on the appraiser.

A sharp drop in bank mortgage repurchases from the first to the second quarter was due mostly to one institution: USAA Federal Savings Bank. (Includes data chart.)

Most of the industry's big increase in first-quarter repurchases came from USAA Federal Savings Bank. (Includes data chart.)

Although seller buybacks from Fannie/Freddie MBS trusts rose sharply in the first quarter, they still account for a miniscule share of total GSE business.

Sterling Bancorp recently reached a $12.5 million settlement for allegedly violating the Securities Act. The company is now ready to turn the page on its non-agency past.

After an anomalous spike in the third quarter, bank repurchase volumes returned to normal levels in the final three months of 2020. (Includes data chart.)

Repurchases were up in the fourth quarter of 2020, with Freddie still representing a disproportionate share of the action. Most claims are resolved without a buyback. (Includes three data charts.)

Commercial banks and thrifts reported over $1 billion of mortgage repurchases during the third quarter. (Includes data chart.)

Freddie continued to account for most GSE repurchase activity in the third quarter, but buybacks remained at historically low levels. (Includes three data charts.)

Bank mortgage repurchases are on track to set a new annual low in 2020. (Includes data chart.)