Items Tagged with 'repurchases'

ARTICLES

Freddie Mac: Mortgage repurchases down 95% from 2010 peak

2 major reasons for the drop off
Thanks to improvements made by lenders to their loan production process and updates to the government-sponsored enterprises’ representation and warranty policies, single-family loan repurchase requests are down 95% from their peak in 2010, according to Freddie Mac.
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The truth about a housing "recovery" in 2015

Lynn Effinger looks into his crystal ball
With a virtual plethora of articles appearing in 2014 throughout the “regular” media, the blogosphere, and various other venues regarding the strength or weakness in our economy, one could surmise that there is a clear trend. One expert says that, yes, there is a trend, but it is not a positive one.
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Flagstar posts big loss in shrinking mortgage market

CEO hopes 'to achieve profitability in any mortgage environment'
"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.
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