No one likes to be asked to repurchase a mortgage that’s already been securitized. But are the GSEs playing too tough on buyback requests on performing loans? The issue has reached the FHFA.
Mortgage rates are starting to come down a bit, but the first quarter of the new year was a challenge for most. The worst of it, hands down, was January, with February seemingly brighter.
Don’t like the bids you received for your mortgage company in a tough market? Maybe the easiest (and safest) thing to do is self-liquidate and keep the cash that was on the balance sheet.