The agencies of the mortgage industry have recently acknowledged the strain that repurchase requests have had on originators. As to what is to follow, however, it is less clear. Mortgages are complex instruments that can be difficult for all parties involved to manage. As such, it is important that originators remain vigilant and that some of the burden of loan management is shared to prevent future requests and ensure the viability of the mortgage industry now and in the future.
The key points of this story are as follows:
• Agencies acknowledge the strain of repurchase requests on originators
• It is unclear what will happen next in regards to loan management
• Mortgages are complex instruments that must be managed
• Originators must be vigilant in managing mortgages
• Burden of loan management must be shared to prevent future requests
You can read this full article at: https://www.housingwire.com/articles/how-the-gses-are-tackling-the-loan-repurchase-spike/(subscription required)
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