Articles for category Secondary Markets
HARP…HARP 2.0…HARP 6.0… will the industry have trouble keeping track of which borrower refinanced under which HARP? The Home Affordable Refinance Program certainly has its proponents, and its critics, along with a fair number of LOs/lenders who are on the fence about it, warily watching what...
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Categories:
Secondary MarketsRegulation
For many months the residential mortgage market has, for lack of a better term, “relied” on news that Real Estate Investment Trusts (REIT’s) were helping to support the market by buying large chunks of Fannie, Freddie, and FHA (agency) production. In the last month or two, however, REIT share prices...
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Categories:
Secondary Markets
Every once in a while a rumor or somewhat-substantiated story sweeps through the mortgage banking world about some radical proposal. On the trading desks it was typically something like, “The Chinese are in buying” or “Middle East countries are in selling MBS’s.” Often there was nothing to back up...
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Categories:
Secondary MarketsIndustry Outlook
A certain percentage of the US financial community smiled late last week when they read, “Italian authorities seized documents from the Milan offices of ratings agencies Standard & Poor’s and Moody’s Investors Service. The seizure was part of an investigation that the two agencies were allegedly...
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Categories:
Secondary Markets