The government-sponsored enterprises (GSEs) have required that mortgage originators repurchase more loans in recent years as compared with earlier periods; the adverse impact of these actions on mortgage originators is magnified in a high-interest-rate environment. These repurchases can have an outsize effect on access to credit, and originators become less inclined to originate the types of loans that account for a disproportionate share of repurchase requests. Using GSE loan-level performance data, we look at loans that have been repurchased, which disproportionately includes loans for which the borrower had requested pandemic-related forbearance. We also show that purchase loans, loans to first-time homebuyers, and loans to households with one borrower have a higher repurchase rate than other loan types. There have been some welcome early policy actions to provide lenders more certainty that when they make a loan in good faith, they will not be required to repurchase it. The Federal Housing Finance Agency has recently announced that loans for which the borrower had requested pandemic forbearance would receive the more favorable repurchase treatment of loans where the borrower had elected forbearance attributable to a natural disaster. Freddie Mac has announced a pilot program to allow repurchase alternatives in lieu of repurchases for most performing loans in early 2024. As policymakers look to broaden access to credit, repurchases remain a large roadblock. We look forward to more policy actions in the next few months to address this critical issue.