Barry Habibs comments today on this crazy market

By
Mortgage and Lending with Charter One Bank

 

I totally understand that buyers in the secondary market want a higher yield or to pay less for a 6.5% coupon for example. However ( and being an originator for 25 years ) .  I thought if a buyer is locked in , directly with the lender that you are using. This to me means that it was already accepted in a pool.  And the secondary market was responsible to buy it no matter what.  Now maybe I am locking in loans with my direct lender, but they are not locking in the secondary market.  Think I answered my own question.  Any comments would be appreciated. thanks...we will get thru this....as Barry says...the moneys availabe on no docs, no ratios etc.   the yield just has to be higher for the risk.   Tony  ( please comment )

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tshirt to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the magnifying-glass to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the truck to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
5,196

Anthony Felbab

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: