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Volume 18 - Number 18

August 31, 2018

Downloads Available: GSE Repurchase Activity by Quarter: 2009-2Q18


GSE Buybacks Decline in 2Q18 But Pipeline of Pending Demands Grew

Mortgage lenders selling loans to Fannie Mae and Freddie Mac had to repurchase fewer defective loans in the second quarter of 2018, according to a new Inside The GSEs analysis. GSE sellers repurchased $226.84 million of home loans during the second quarter or provided some other form of indemnification. That was down 5.8 percent from the first three months of the year and represented the lowest quarterly buyback total since the fourth quarter of 2016. Freddie repurchases were up 5.3 percent from the first quarter, while Fannie’s fell 17.6 percent. On a year-to-date basis, combined GSE buybacks were down 7.2 percent from the first half of 2017. Again, Fannie volume was down, Freddie’s was up.

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With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

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