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Are you afraid of the day that the Federal Reserve stops buying mortgage-backed securities? “Afraid” is too strong a word. (For many, this activity would define “afraid” … kids, don’t try this at home.) But the largest buyer, of Agency MBS, which now owns 30 percent of outstanding Agency securities, has now sped up the pace of stopping its program. When I worked on a trading desk, back in the Paleozoic era, the saying was, “Don’t fight the Fed.” We can fully expect tighter monetary policy. The bond market, though, doesn’t seem spooked by this news although we are seeing the yield curve flattening. So, what are lenders afraid of? In a poll of lenders during a Sales Boomerang webinar of fears for 2022, the topics listed, in no order ....
Guild Mortgage Hires Russ Fowlie as EVP of Loan Servicing mortgageorb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageorb.com Daily Mail and Mail on Sunday newspapers.
TPO, QC Report, CRM, Pooling Products; Ginnie: $2.14 Trillion Outstanding; Fed Path Set mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.
ServiceLink, which provides tech-enabled services for all phases of the home lending lifecycle, has announced four new hires to its originations division. Each will be responsible for driving client growth strategy for originations products, the company said.