Vast Majority of Repurchase Demands on Non-Agency Mortgage Securities Remained Disputed in Early 2012
June 29, 2012
Relatively few repurchase demands on mortgage loans backing non-agency MBS were resolved during the first quarter of 2012, according to a new Inside MBS & ABS analysis of disclosure filings made by 34 securitizers. The securitizers reported that a total of $29.03 billion of loans were in some stage of the process following demands that the mortgages be repurchased because of breaches of representations and warranties by the originator of the loans. But of that amount, some $28.62 billion 98.6 percent of total activity were classified...(includes one data chart)