twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.

Wave of Repurchases Ahead

Patton Boggs partner predicts increase in repurchases, M.I. claim denials

March 16, 2010

By staff

Mortgage bankers can expect an increase in repurchase demands and denied mortgage insurance claims, according to an attorney with a Washington, D.C.-based law firm.

The attorney, Michael Waldron, is a partner at Patton Boggs LLP.

He made his comments on Capital Thinking, a radio show broadcast by The VoiceAmerica Talk Radio Network. Waldron was speaking on the show with Publisher Sam Garcia about the Fourth Quarter Mortgage Litigation Report.

"The one area that I think we all need to kind of keep our eye on is the area of repurchases," Waldron stated. "That is an area that historically the numbers have been great.

"But they're not nearly as great as they are going to be."

He said mortgage repurchases soared last year at banks to around $30 billion from just $7.3 billion in 2008.

This year, the rise in repurchases will be even more dramatic.

Waldron explained that 84 percent of 2009's repurchases occurred in the second half of the year.

"In addition to ... Fannie and Freddie, there is going to be pushback fueled by demands from private mortgage insurers and monoline financial guarantors," Waldron predicted. "These companies are looking to limit their own losses from defaulted mortgages by putting these loans back to loan originators and also by denying claims on mortgage insurance."

listen to full radio show

next story

back to current headlines

Mortgage Insurance News | M.I. Directory | M.I. Statistics
News about mortgage insurance issuance, defaults and litigation

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders