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GSE loan buybacks “catastrophic” for some lenders, frustrated wholesale leaders say

Top advocates for the wholesale channel criticized the increased volume of loan buybacks from government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac amid a shrinking mortgage market. 

In a session about brokers’ influence on national policy during AIME Fuse 2023 in Las Vegas on Friday, trade group representatives and wholesale executives said that loan repurchases can be “catastrophic” for some lenders, which will ultimately affect brokers.

This is a “survivability conversation,” said Katie Sweeney, chairman and CEO of the Association of Independent details ⇒

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