Mortgage Buybacks Decline to Lowest Level in Four Years in Second Quarter
September 13, 2013
Banks and savings institutions in the second quarter of 2013 reported the lowest volume of mortgage repurchases and indemnifications since the buyback blight really bit into the industry four years ago, according to a new call report analysis by Inside Mortgage Trends. Banks and thrifts reported $2.671 billion in mortgage repurchases and indemnifications during the second quarter, the industrys lowest since the second quarter of 2009, when buybacks totaled $2.059 billion ... [Includes one data chart]