Items Tagged with 'repurchases'
CEO hopes 'to achieve profitability in any mortgage environment'
April 22, 2014
"During the quarter, we made the determination to significantly bolster our loan loss reserve estimates which results in an increase to the loss coverage period from approximately 12 months to 18 months," Flagstar CEO Sandro DiNello said.Read More
Failure to do so in the past cost taxpayers
February 12, 2014
Freddie Mac assesses late fees on aged outstanding repurchase demands, while Fannie Mae has no monetary penalties to encourage their resolution.Read More