Income and appraisal-related issues are two of the three leading reasons why lenders are forced to repurchase loans from Fannie Mae and Freddie Mac, at an average of $32,288, a study from Reggora and Stratmor found.
Those two causes are responsible for 57% of the buybacks over an 18-month period from April 2023 through this October. The average loan repurchase rate during the period was 49 basis points.
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