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Things to Watch For.(Editorial)
Servicing plays a large part in the secondary market, as servicers handle the loans ultimately owned by investors. So servicers should take a keen interest in efforts to restart what is now a stalled market.
Executives of the Mortgage Bankers Association met with the press at its National Secondary Market Conference recently in Chicago to discuss their most recent position papers on market liquidity and key considerations for the future, and they're a good place to start.
MBA president John Courson told reporters he expects the problem will carry over until next year, with possibly hearings being held in Congress this year. The immediate next step is to determine the structure of a secondary market, whether private, public, or co-operative, he said.
The first guiding principle is that secondary market transactions should be funded by investors who take on the credit risk and other risks inherent in the transactions. Transparency is needed in four areas - loan level information, bond structure, risk ...
- GSE Technology Exec Has Regional Office Strategy: 'We spent $300 million [on...
- Magazine article from: Origination News Garritano, Anthony December 1, 2006 700+ words
...trust instead of locating all its technology initiatives in its corporate headquarters here. At the most recent SourceMedia Mortgage Technology Conference, the GSE first embarked on plans to buy technology from vendors as part of a speech given...
- Taking on Fraud: Our Roundtable panelists at the SourceMedia Mortgage Fraud...
- News wire article from: Mortgage Line March 21, 2007 700+ words
BRAD: With decreasing volume, tightening margins, everybody is looking to make a buck in order to survive. A lot of blame for fraud is being laid at the foot of the wholesale industry. But can the broker be held solely accountable for the rise in mortgage fraud? CHERYL: No, it can't all be blamed
- Brokers Take Seattle by Storm: The 2007 National Association of Mortgage...
- News wire article from: Mortgage Line Sichelman, Lew August 17, 2007 700+ words
NAMB Wants Its Own Seal of Approval Nobody likes being a scapegoat, and neither does George Hanzimanolis. "I find it frustrating for a number of reasons," the new president of the National Association of Mortgage Broker said at the group's annual convention. "First, like the majority of brokers, I
- Brokers Take Seat National Association of Mortgage Brokers annual convention in...
- Magazine article from: Broker Magazine Sichelman, Lew August 1, 2007 700+ words
NAMB Wants Its Own Seal of Approval Nobody likes being a scapegoat, and neither does George Hanzimanolis. "I find it frustrating for a number of reasons," the new president of the National Association of Mortgage Broker said at the group's annual convention. "First, like the majority of brokers, I
- Secondary market coverage outpacing 1994.(bond market and municipal bond...
- Magazine article from: The Bond Buyer Heap, Peter June 16, 1995 700+ words
...flooding bond insurers with requests for secondary market coverage, according to leading firms...trend is the growing acceptance of secondary market insurance, the companies said. Furthermore...industry has redirected itself to the secondary market," said Craig T. Charlton, ...
- Second Chances.(secondary market for collectibles)
- Magazine article from: Gifts & Decorative Accessories Schwartz, Meredith February 1, 2001 700+ words
The pros and cons of adding secondary market pieces to your collectibles offerings Selling secondary market collectibles can be a great way to...important venue when it comes to selling secondary market collectibles is your store. If you...
- Dispelling doubts about the secondary market. (banks and the secondary mortgage...
- Magazine article from: ABA Banking Journal April 1, 1990 700+ words
...towards participating in the secondary market. Last November, the ABA spun...address the goal of increased secondary market participation by banks. Kevin E Walsh, chairman of the new Secondary Market Liaison Subcommittee, believes...
- Frost Bank using secondary market to increase lending. (Frost National Bank)
- Magazine article from: San Antonio Business Journal Lowe, Sandra September 4, 1992 700+ words
...new mortgage loans for sale on the secondary market. For years, San Antonio's largest...Association. Selling mortgages on the secondary market allows financial institutions to pass...that largely sold home loans on the secondary market. Dale Peterson, vice president of...
- Secondary market still offers room for bond insurers to grow, S&P says....
- Magazine article from: The Bond Buyer Dickson, Steven August 17, 1993 700+ words
...insurers have some room to grow in the secondary market despite already strong penetration...companies have developed specialized secondary market products to capture a larger portion...policy -- some insurers now offer secondary market policies that remain in effect only...
- Secondary market offers growing insurance business.(Credit Enhancement)
- Magazine article from: The Bond Buyer Wamsteker, Peter J. September 5, 1995 700+ words
...Increased demand for bond insurance in the secondary market is the result of lower premium prices...1994 has shifted the focus to the secondary market on which bond insurers are now relying...managers say more bond insurance in the secondary market has created a glut of insured ...
Source: HighBeam Research, Things to Watch For.(Editorial)