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liquidity: Mortgages and liquidity - ALT A Loan Problems Explained - 08/06/07 12:26 PM
Anyone who has been watching the media withing this last week saw some big changes in the mortgage industry, including the all of a large national mortgage lender - but then again, we all like placing our loans twice, don't we?  If we are lucky, we won't have to do it a third time.
You can read about the lender here:
http://www.msnbc.msn.com/id/20144277/
The articles refer to 'liquidity' of the loans, which I thought I would offer a little insight to.
In many cases, lender will transfer a mortgage by selling to another lender.  With a non-conforming, or ALT-A loan, these mortgages … (1 comments)

 
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Kevin Nelson MLO-121548

Wenatchee, WA

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Mortgage Advisory Group CL-36130

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