Results

< Back

Mortgage Lender Faced With Repurchase Demand

August 9, 2006

Pete Werdesheim and Joe Kingma advised an Atlanta-based mortgage lender faced with a repurchase demand from one of the nation’s largest mortgage-servicing companies. The servicing company claimed that our client violated underwriting guidelines by extending credit based upon allegedly inflated appraisals and improper inducements from sellers in various transactions. Accordingly, it demanded the repurchase of several loans. Negotiations ensued, the end result of which was the rescission of the repurchase demand.

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Print this pageEmail this to someone

For informational purposes only. Past success does not indicate the likelihood of success in future cases.