Seller repurchases of Freddie Mac mortgages rose to $430 million in the second quarter of 2024, a 29.1% increase from the first quarter, according to an analysis of public filings by Inside Mortgage Finance.

By contrast, sellers of loans through fellow government-sponsored enterprise (GSE) Fannie Mae repurchased $268.5 million in noncompliant loans during the same period, a 27.7% decline from Q1 2024. Overall, buybacks dropped by 0.8%.

Some lenders feel stung by Freddie’s approach. In late June, a top mortgage executive told HousingWire that the repurchase problem with the GSE “has accelerated 10x. Our Freddie Mac requests are details ⇒

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