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"What we talk about is you play anything with mortgage banking," says FBR's Paul Miller, because...
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Monday, August 20, 2012, 9:52 AM ET"What we talk about is you play anything with mortgage banking," says FBR's Paul Miller, because it's the only area where banks can show any sort of growth. There remains more than 20M Fannie and Freddie loans with a rate above 5%. We're in HARP 2.0 now, and there will be HARP 3.0 and HARP 4.0 before it ends, he says.
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One of the worst concepts ever unless you are on the receiving end of this give-away of public money.