What is a repurchase alternative agreement?
A repurchase alternative agreement allows lenders to resolve defects through indemnification or partial reimbursement instead of full repurchase. Freddie Mac may offer alternatives when repurchase is not required to mitigate risk.
Related FAQs
- What is a servicing claim?
- Why do servicing defects lead to claims?
- Can lenders negotiate repurchase terms?
- What is a repurchase demand?
- Why do some defects require repurchase?
- What is a repurchase review?
- Why does Freddie Mac require repurchase or indemnification?
- What is a repurchase alternative?
- Can lenders appeal repurchase decisions?
- What happens after a loan is repurchased?
- Can borrowers be affected by repurchase?
- How long do lenders have to respond to repurchase requests?
- What is a cure in the repurchase process?
- Can servicing defects lead to financial claims?
- What is a servicing defect?
- What types of defects trigger repurchase?
- What is a repurchase request?
- How does Freddie Mac identify loan defects?
- What is a Claims Event?
- What is indemnification?
- Can repurchase be avoided?
- Why would Freddie Mac require a loan repurchase?