Loan Repurchase Requests Appear to be Rising, Causing a Bigger Problem in a Slowing Market
August 10, 2006
Most observers say secondary market buyers are getting pickier, pushing more loans back on the seller because they don’t meet investor guidelines, but opinion is divided over whether the buyback trend will continue to accelerate as the mortgage market cools. Lenders are telling the Stratmor Group that repurchase requests are at levels “above and beyond” what the industry consulting firm would normally expect, said partner Jim Cameron...