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Tag Archives: Loan Repurchases

Report: GSEs, Lenders Nearing Deal That Could Expand Mortgage Access

Citing "people familiar with the matter," the Wall Street Journal reported Friday that the two GSEs and their conservator are nearing an agreement with lenders that would set clearer definitions of when a loan is considered to be in breach of GSE selling requirements. The agreement could be announced as soon as next week, according to the publication.

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Citi, Fannie Mae Announce $968M Repurchase Agreement

Citigroup and Fannie Mae announced Monday an agreement to resolve future repurchase claims for breaches of representations of warranties on millions of loans originated between 2000 and 2012. As part of the agreement, Citi will pay Fannie Mae $968 million, "substantially all of which was covered" by the bank's existing mortgage repurchase reserves as of the end of the first quarter. The settlement covers 3.7 million first mortgage loans sold to the GSE.

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