Although the new repurchase claims submitted by investors to mortgage lenders appeared to ease in the first quarter of 2011, the industry continues to carry a growing inventory of unresolved buyback demands. Fannie Mae and Freddie Mac reported that lender repurchases or indemnifications totaled $2.8 billion during the first quarter of 2011. That was down from $5.9 billion in the previous quarter, a figure that was swollen by Bank of America's large-scale settlement of buyback demands from both government-sponsored enterprises. In fact, the volume of GSE repurchases during the first three months of 2011 was the lowest quarterly volume since... [Includes one graph and one data chart]