As reported in their quarterly filings, Fannie Mae and Freddie Mac are seeing an increase in the number of lenders not honoring agreements to repurchase loans that breached representations about the eligibility and quality of loans they sold. While this is not uncommon in the current economic environment, there is noticeable difference: Lenders have told us that the GSE’s are showing a new toughness when it comes to auditing non-performing loans....