tag:blogger.com,1999:blog-12222202.post1231263939423317257..comments2024-03-22T05:18:12.481-04:00Comments on Capital Markets & Economic Analysis: Monetary PolicyPeter Richardsonhttp://www.blogger.com/profile/04431581914942742085noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-12222202.post-32434458535631344422012-01-27T21:54:20.931-05:002012-01-27T21:54:20.931-05:00The mortgage bankers are just trying to make money...The mortgage bankers are just trying to make money.The spread of newly issued mortgages to FNMA Golds- packaged conventional mortgages- is ~5 points. <br />It is TOO profitable to originate and sell to the securities markets, and too dangerous to portfolio 30 year paper.<br /><br />What do you do with this paper when the President states that he wants refi irrespective of the amount of loan to value coverage? Makes it harder for administered short rates to budge prices out the curve.Richhttps://www.blogger.com/profile/15333565680808748761noreply@blogger.com