Mortgage Repurchases by Banks Declined to 4-Year Low in 2012
March 29, 2013
Banks and thrifts repurchased fewer mortgages in 2012 than in any year since the buyback blight spread through the market in 2008, according to a new Inside Mortgage Trends analysis of bank call report data. Banks and thrifts reported a total of $13.97 billion in repurchases and indemnifications on single-family mortgages during 2012, a 33.3 percent decline from the previous year. It was the third consecutive year of declining annual buyback activity after the industry reported a staggering ... [Includes one data chart]