Financial institutions are on the lookout and preparing to fight new mortgage repurchase demands from the government-sponsored enterprises now reviewing files from as far back as 2002, according to market insider Andrew Henschel.

Lenders have to ensure they comply with new and shorter deadlines, said the EVP of Resolution Portfolio Management & Oversight, a Deerfield Beach, Fla.-based firm that specializes in mortgage buyback defense from the GSEs and other third-party investors.

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