2012-05-22 — mortgagenewsdaily.com
As of March 31, 2012, Fannie Mae's repurchase requests increased to $12.15 billion, which is significantly higher than the $8.65 billion it requested at the same point last year.
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I hear from the owner of a mid-sized mortgage bank: "Even if the agencies throw 10 loans at us to buyback, and we win on all 10 because the logic was flawed or they missed something in the file, we still have to dedicate the resources to win on those 10 - we're being worn down."
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