mortgage: It's a liquidity issue. - 08/28/07 11:09 AM
With all of the changes in the Mortgage industry in the last three weeks it may seem that we need to run for cover.  Well, it's not, "1980 all over again."  There will be some major bumps along the road, but at least the interest rates are not driving the problem.  The driver is the lack of liquidity.
Imagine that you are a lender and someone gives you a "portfolio bucket."  Let's say that your bucket can hold $100mm in loans.  You set the interest rate and tell your staff to go out and make loans.  Before too long, your bucket is … (0 comments)

 

Steven Shear

Eugene, OR

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Umpqua Bank

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