CMLAwebinar-LoanBuybacks-CausesandDefensesPPT.pptVIP

Loan Buybacks: Causes and DefensesJoseph M. KolarClinton R. RockwellChristopher M. Witeck;Repurchase demands soared in 2009 and early 2010 Most originators affected, both large and small Demands potentially catastrophic for some originators Focus on loans sold 2005-2007 Current Threats GSEs Private investors Going Forward Volume of demands expected to decrease starting in 2011 (as credit tightened in 2008) ;Repurchase Demands on the Rise;Bases For Demands;Purchasers have hired vendors to meticulously scrub loan files for deficiencies Looking for any purported defect that might justify