Get a Complete Seller-by-Seller History of GSE Buybacks

Details on every lender who's faced a repurchase demand from Fannie or Freddie since 2009

Since 2009, nearly 4,900 sellers have received a repurchase demand from Fannie Mae or Freddie Mac on loans sold into their mortgage-backed securities — and more than 4,000 of them made buybacks. GSE Repurchase Activity: Cumulative through Fourth Quarter 2020 chronicles it all. In this comprehensive report, you'll find details on every lender who has faced a buyback demand from either Fannie or Freddie since 2009. You'll discover: How much they paid. Fannie and Freddie have secured $81.1 billion in repurchases since 2009 — from the big names like Countrywide (who paid $14.4 billion) and Bank of America ($7.9 billion) to smaller lenders like BankAtlantic ($5,000) and BancBoston Mortage Corp. ($1,000). How much relates to each vintage of MBS. While the bulk of GSE buyback activity has been for loans securitized before 2009, sellers have paid out for newer vintages, too. For example, Northpointe Bank has paid $15.58 million and Prosperity Home Mortgage has paid $9.94 million, all for loans securitized in 2014 or more recently. How much they got Fannie and Freddie to back down on.

In most cases, withdrawn demands outstrip those that end in payment. Case in point: Quicken Loans has bought back $213.42 million of loans since 2009 but has seen more than double that amount in withdrawn demands — $599.61 million.

 

GSE Repurchase Activity: Cumulative through Fourth Quarter 2020 takes a look at the GSE buyback record lender by lender and year by year. The report includes both ranked and alphabetical lists for:

• Repurchases from the GSEs. In addition to total repurchases, each seller's detail includes breakouts by MBS issuance year from 2010 to 2020, plus breakouts for pre-2006 issuances and those made between 2006 and 2009.
• Withdrawn and Rejected Demands. For each seller, volume of withdrawn or rejected demands is presented for each year from 2010 through 2020 with additional breakouts for pre-2006 issuances and those made between 2006 and 2009.
• Pending and Disputed Demands as of Dec. 31, 2020. Seller-by-seller accounting of open demands, specifying how much is open at each GSE. For comparison purposes, volumes open at the ends of the 2020 quarters, as well as at the year-end mark in each of the four previous years, are also provided.

No other resource lays out the agency buyback story so comprehensively and in such detail. Order today!

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