GSEs Dominate Buyback Trends, But Impact Varies Significantly for Lenders
February 24, 2012
A new Inside Mortgage Trends analysis of heretofore undisclosed data about Fannie Mae and Freddie Mac buyback demands reveals that individual lenders have faced varying levels of exposure and success in beating back these requests. The government-sponsored enterprises joined other financial asset securitizers in making historic new disclosures regarding the repurchase demands they have made over the years based on a loan originator’s breach of representations and warranties. Rules for the new disclosures, an outcome of the Dodd-Frank Act, were developed by the...(Includes one data chart)
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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