Mortgage Repurchases Up Sharply In Third Quarter, Bank Data Show
December 11, 2009
Bank repurchases of mortgage loans jumped sharply to record levels in the third quarter of 2009, according to a new analysis by Inside Mortgage Profitability. Commercial banks reported a total of $7.18 billion in mortgage repurchases during the third quarter, more than double the previous record for a three-month period. That was up nearly... [Includes one chart and one graph]