Mar 29, 2020
10:03:23pm
10:03:23pm
edit - Do you think Chase and B of A are in trouble and won't be issuing mortgages even though they know the Fed will
gobble these notes up?
The new loans they put out would be independent of others they've done and should be profitable. Or is the interest rate volatility just not worth the risk (the risk from application to close is higher now obviously)
The new loans they put out would be independent of others they've done and should be profitable. Or is the interest rate volatility just not worth the risk (the risk from application to close is higher now obviously)
Originally posted on Mar 29, 2020 at 10:03:23pm
Message modified by HarlemCoug on Mar 29, 2020 at 10:03:36pm
Message modified by HarlemCoug on Mar 29, 2020 at 10:05:42pm
Message modified by HarlemCoug on Mar 29, 2020 at 10:06:08pm
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10 year treasury back down - right now it's at .66% Plus, the Fed bought $183B of mortgages last week and is still
3/29/20 9:35pm
They are going down and that's the problem for some lenders. Some are getting crushed on their hedges. But with rates
3/29/20 9:39pm
It won’t happen. Investors and lenders will go broke and destroy the liquidity of the housing industry.
3/29/20 9:41pm
plenty of lenders are fine.. and their spreads are wide right now and the Fed is buying everything up... the healthy
3/29/20 9:43pm
They are not fine. If they think they are fine they are ignoring the industry wide issue. All lenders are at risk.
3/29/20 9:48pm
3/29/20 9:54pm
3/29/20 9:47pm
3/29/20 10:05pm
3/30/20 12:55am