What is a repurchase review?
A repurchase review evaluates whether a loan contains defects that require repurchase or indemnification. Freddie Mac examines documentation, underwriting decisions, and delivery data to determine whether the defect is material and whether remediation is possible.
Related FAQs
- What is a servicing claim?
- Why do servicing defects lead to claims?
- What is a repurchase alternative agreement?
- Can lenders negotiate repurchase terms?
- What is a repurchase demand?
- Why do some defects require repurchase?
- 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?