Open Dialogue, Willingness to Compromise is Key in Dealing with Investor Losses, Buybacks, Experts Say
October 7, 2011
Transparency, investor access to information and a willingness to engage in loss mitigation can help reduce the wave of litigation and investor losses resulting from repurchase demands, according to mortgage litigation experts. Theres a better alternative to fighting out buyback claims in court: all counterparties should sit down and find ways to resolve issues that trigger repurchase claims in an open and forthright manner, said panelists on a webinar hosted by Inside Mortgage Finance Publications. We have to work together because the country is hurting and the longer this drags on, the bigger the problem is going...