Mat Ishbia, president and CEO of United Wholesale Mortgage, has echoed the frustration of mortgage industry experts and leaders with the increased volume of loan buybacks from the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. 

In a recorded video distributed on Tuesday, Ishbia claimed the Federal Housing Finance Agency (FHFA), which oversees the GSEs, “is going to have to step in again because it’s becoming a big issue.” 

FHFA did not immediately respond to a request for comments.

According to Ishbia, the FHFA years ago took action so Freddie Mac and Fannie details ⇒

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