Buyback Problem is Far From Over as Closer Inspection Becomes the Standard Procedure
June 10, 2011
Although some of the pressure of repurchase demands and mortgage insurance rescissions seems to be easing, industry experts caution that lenders will be grappling with these issues for years to come. The industry isn't done yet with purchases stemming from the 2006-08 vintages, said Arthur Prieston, chairman of...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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