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Tuesday, 10/06/2015 1:11:19 PM

Tuesday, October 06, 2015 1:11:19 PM

Post# of 800657
Just released!

GSE Repurchase Activity: Cumulative to 2Q15
Since 2009, Fannie Mae and Freddie Mac have secured $75.7 billion in repurchases on loans sold into their mortgage-backed securities. A not insignificant amount, $61.1 billion, was withdrawn or otherwise kicked to the curb in the same period.
More than 3,700 sellers and originators were party to the government-sponsored enterprises' demands and 2,900-plus companies—from Countrywide ($9.4 billion) to BancBoston Mortage Corp. ($1,000)—made repurchases.
While most of the buybacks have been for loans securitized before 2009, recent vintages have not been immune, with repurchases hitting $1.2 billion for 2011 securities and a tad higher for those from 2013. As a result, newer sellers have paid out for newer vintages, such as Quicken Loans, which has paid $21.7 billion, all for loans securitized between 2009 and 2014. Meanwhile, legacy sellers whose post-crisis vintages yielded no buybacks have hit some snags with new loans. For example, CSB Bank, whose buyback totals are among the very largest owing to demands based on 2006 securities, has made small payouts—less than $150,000 a year—for recent vintages.
For most sellers, the picture brightens when it comes to withdrawn demands, which in most cases outstrip those that end in payment.
In a comprehensive data report, GSE Repurchase Activity: Cumulative to Second Quarter 2015, Inside Mortgage Finance looks at the GSE buyback record lender by lender and year by year. In this report, you'll find details on every lender who has faced a buyback demand from either Fannie or Freddie since 2009. You'll know how much they paid, and how much of it relates to each vintage of MBS. And you'll know how much they got Fannie and Freddie to back down on.
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 2006 to 2015 plus a breakout for pre-2006 issuances.
Withdrawn and Rejected Demands. For each seller, volume of withdrawn demands is juxtaposed with paid demands in total, for issuances before 2009, for issuances 2009 to 2015, and by GSE.
Pending and Disputed Demands as of June 30, 2015. Seller-by-seller accounting of open demands, specifying how much is disputed versus pending as well as how much is open at each GSE. For comparison purposes, volumes open at the ends of 1Q15, 2Q14, 2Q13 and 2Q12 are also provided.