Multiple Strategies Exist When Battling Investor Repurchase Demands

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Posted To: The Garrett Watts Report

“Can’t see the forest from the trees…” a phrase that describes someone’s inability to see the big picture, someon who makes decisions based on short-term consequences without considering long-term implications. Investor repurchase demands and “make-whole” claims continue to nag most mortgage bankers, especially those who have originated stated income loans in the past five years. Real estate values keep dropping and foreclosure inventory continues to increase. Any time there is a foreclosure and an investor is asked to make the GSEs whole for it, the originating mortgage banker is eventually contacted by the pass-through investor in the form of a repurchase demand. Investors’ loss mitigation departments are doing everything they can to reduce...(read more)

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Source: www.mortgagenewsdaily.com

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