Pimco, NY Fed Said to Seek BofA Mortgage Repurchases [Bloomberg]
Fed’s ‘Weight’ Joins Mortgage Investor Bid for Relief [Bloomberg]
BofA Will ‘Defend’ Shareholders in Mortgage Buybacks [Bloomberg]

4 thoughts on “The Mortgage Buyback Brouhaha (So Far) In Three Easy Links”
  1. Anybody think the uncertainty around this is related to the recent mortgage rate climb?
    quote from linked article:
    “The volume of mortgage loan applications fell 10.5% on a seasonally adjusted basis in the week ending Oct. 15, the Mortgage Bankers Association said Wednesday. Refinancing applications fell 11.2% from the previous week, the sixth time in the past seven weeks that refi applications decreased. New-home purchase loan applications decreased by 6.7% from the prior week and were 29.4% lower than in the year-earlier week. ”

  2. It’s going to take actions and potential lawsuits like this to really get to the heart of whether the securitizations were done properly (I believe #3 of ex SF-er’s list).

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