The bank acquired these business purpose non-qualified mortgage loans originated by Civic Financial Services in the PacWest Bancorp deal.
https://www.nationalmortgagenews.com/articles/banc-of-california-is-selling-2-billion-of-residential-loans
Unpacking the drivers and costs of GSE repurchase demands
The average cost for a loan seller to buy back a mortgage from Fannie Mae or Freddie Mac for...
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