Mortgage repurchase demands are par for the course in the world of mortgage lending, but they should not be ignored. Before you act, consider the following strategies for handling mortgage repurchase demands.
Mortgage repurchase demands have become quite common across the financial services industry, as investors, trustees and Government-Sponsored Enterprises (GSEs) continue to look for ways to remove defaulting loans from their pools. On the receiving end, reactions run the gamut from ignoring the demands completely to buying back mortgages even where there is no legal obligation to do so. It is important to understand and weigh your legal options before responding to any demands.
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