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Volume 22 - Number 20

September 28, 2018

Downloads Available: Bank/Thrift Mortgage Repurchase/Indemnification Activity: 6M18


Bank Mortgage Repurchases Tumble in 2Q18

Commercial banks and savings institutions repurchased only $422.7 million of single-family mortgages during the second quarter of 2018, according to an analysis of call-report data by Inside Mortgage Trends. It was the lowest three-month repurchase total for the industry since regulators began collecting this data back in 2008. Repurchases, including other indemnification for investor losses, were down 42.3 percent from the first quarter. The call-report figures ... [Includes one data chart]

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Poll

Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.

35%

The wholesale/table funder. They’re taking the financial risk.

30%

The broker, but only for the first year. After that, the borrower is fair game.

13%

Hard to answer. It’s a complicated issue.

22%