A situation where mortgage lenders such as banks or lending institutions are forced to refund to investors the funds they (investors) put in a mortgage by repurchasing the mortgage. This is usually as a result of discrepancies in document used in the transaction, which may be deemed to be fraudulent.
Related information about mortgage putback:
- Mortgage Putback Definition | Investopedia
The forced repurchase of a mortgage by an originator from the entity currently holding the mortgage security. A mortgage putback is most commonly required ...
- Mortgage Putback Threat Reduced for Lenders Under New Rules ...
Sep 11, 2012 ... The U.S. overseer of Fannie Mae and Freddie Mac, seeking to reduce the threat that banks will have to buy back flawed mortgages from the two ...
- Bank Stocks Reinfected With Mortgage Putback Worries - TheStreet
Jun 25, 2012 ... The renewed aggressiveness by Fannie Mae and Freddie Mac in pursuing mortgage putback claims spells pain and risk for Bank of America ...
- Bank of America: Mortgage Putback Loser - TheStreet
Jul 18, 2012 ... Bank of America's shares sank on Wednesday, after the company reported that mortgage repurchase claims increased by 41% during the ...
- Wells Fargo lightens contributions to mortgage putback risk buffer ...
Oct 12, 2012 ... Wells Fargo added fewer reserves to hedge buyback risk in 3Q, increasing its reserve only $462 million during the period. That's down from the ...
- Federal Judge Refuses to Narrow Mortgage Putback Claims, Paving ...
Jul 27, 2012 ... It has been just over a month since I published my series on the Top 5 RMBS Cases to Watch this Summer. In case you missed it, here's a quick ...
- Mortgage Putback - Liles Parker PLLC
Mortgage putback litigation is very complex - retain experienced counsel to pursue your claims. Call Liles Parker today at 1 (800) 475-1906.
- Mortgage Putback Definition & Example | InvestingAnswers
We explain the definition of Mortgage Putback, provide a clear example of how it works and explain why it's an important concept in business, finance ...