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Home » Store » News » Income Verification Driving Repurchase Requests

Income Verification Driving Repurchase Requests

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While repurchase requests put a number of subprime lenders out of business in 2007 and beyond, the current wave of repurchase requests largely relates to income verification on prime mortgages. “The larger issues today are more underwriting deficiencies and stated income issues as opposed to appraisal issues,” Pamela Padgett, vice president of single-family underwriting and quality control...
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