Investor Bales on Wholesale; Right of Rescission Legal Ruling; Capacity and Profit Margins; HARP 3

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Posted To: Pipeline Press

"Rob, what's going to happen to all those agency MBS owned by the Fed? If rates start to go up, and their prices drop, what will that do to the Fed's balance sheet - won't it be in their best interest to never have their price go down in value?" Good question, since their purchases are holding home loan rates artificially low ... but some pretty smart folks are giving it lots of thought . Until then, LO's and lenders are enjoying the rate environment - if the Fed were to stop suddenly, plenty of experts think conforming rates would approach or move past current jumbo rates. Speaking of which, Synergy 1 Lending is seeking a well-qualified Retail National Sales Manager. Synergy 1 Lending is headquartered in San Diego, California and runs a centralized fulfillment center out of its corporate headquarters...(read more)

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Source: http://www.mortgagenewsdaily.com/channels/pipelinepress/02082013-jobs-rescission-period.aspx

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