Buyer Sought for Agency Mortgage Kickbacks

Agency mortgages that were kicked back by aggregators have come on the market for investors looking to purchase them at a discount.

The offering includes four conventional, insured and uninsured government loans with an aggregate unpaid principal balance of $2.3 million.

Although the mortgages have been underwritten to agency guidelines, they have all been kicked back by loan aggregators.

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From:: Financing