Freddie Eyeballs Recent Loan Originations For Potential Buybacks, Fannie to Follow
June 20, 2013
Mortgage lenders that sell loans to the government-sponsored enterprises are seeing a significant increase in the volume of buyback reviews on recently originated mortgages, according to a new analysis of repurchase activity disclosures by Inside Mortgage Trends, an affiliated newsletter. Through the first three months of 2013, GSE sellers had already repurchased some $80.6 million of loans securitized by Fannie Mae and Freddie Mac during 2012. That was more than double the volume of repurchases of mortgages originated in 2011. Loan quality didn’t deteriorate...
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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