GSE Repurchase Activity: Full Year 2013 Print edition with shipping in the U.S.
In 4Q13, Fannie Mae and Freddie Mac accelerated their efforts to wrap up repurchase activity on legacy loans originated before 2008, with Freddie resolving 62 percent more demands than it had in the third quarter and Fannie upping its resolutions 89 percent. The flurry of year-end activity left the two government-sponsored enterprises with just $4.6 billion in outstanding demands, down from $19.0 billion at the end of the previous year. Significantly, only $776 million of the open demands related to loans originated in 2009 or more recently.
IMF’s GSE Repurchase Activity: Full Year 2013 digs deeply into the agencies’ Securities and Exchange Commission reporting to bring you the full picture of what happened in buybacks in 2013. Lender by lender, you’ll know about the loans that were repurchased this year, the demands that were withdrawn, and the ones that ended the year still on the table.
In this edition of the semi-annual GSE Repurchase Activity report, you’ll find
A listing of all 2,476 seller/originators who had buyback demands from Fannie or Freddie resolved during the year or pending at year-end, ranked by total volume of activity.
Sublists for each category, including:
All 1,042 sellers who repurchased loans from the GSEs during 2013, ranked by the volume of loans they bought back.
All 1,381 sellers who had demands pending or in dispute at year-end, ranked by volume of open demands.
All 1,824 sellers who had demands withdrawn during 2013, ranked by volume of demands resolved without repurchase.
Each of the sublists includes a breakout for volume by agency as well as breakouts that show volume by origination year.
Use this report to:
Measure your own buyback records—and exposure.
Scout opportunities among sellers with continuing demands, whether for newer loans or old ones.
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