Non-Agency Mortgage Originations; GSEs Pay Dividend to Government; Property Flipping; Investor Updates
ByPosted To: Pipeline Press
A few months back, all the press could do was talk about “double dip recession” possibilities. We’ve now had the election, the FOMC meeting, and a decent employment number. Many analysts and economists are now on the “slow recovery with no double-dip recession” bandwagon. It is hard to deny the view that US financial markets contain a huge amount of liquidity (both individuals and companies sitting on large amounts of cash), the economic data has been showing signs of improvement, mortgage prepayments have been steady, and the political climate was expected to change and did. The first three factors should help mortgages and mortgage rates. For folks who continue to look toward the “non-agency” MBS sector, rates have been coming down, and analysts are pointing to slower liquidation rates on…(read more)