Addressing Repurchases in the New Rep and Warrant Model
Mortgage Bankers Association
Speaking Engagement
September 30, 2013
Phil Stein serves on the "Addressing Repurchases in the New Rep and Warrant Model," panel at the Mortgage Bankers Association Regulatory Compliance Conference.
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I will be a panelist at the Mortgage Bankers Association’s (MBA) upcoming Regulatory Compliance Conference 2013 in Washington, D.C. I will participate in a session on Monday, September 30 at 1.30 p.m. entitled “Addressing Repurchases in the New Rep and Warrant Model.” The session will address the la...
This article provides practical guidance for mortgage loan sellers and originators evaluating, responding to, and negotiating repurchase demands. It outlines steps sellers can take to respond without waiving any rights under a loan purchase agreement.
Sellers of residential mortgage loans face serious financial risks if they sign purchase agreements without careful review. Key provisions on fraud, defaults, materiality, and survival periods can create unlimited liability well beyond any profit earned.