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  • An Insider's View of Ginnie Mae MBS [View article]
    Bad news, but not all GMNA loans are affected???

    The problem is that not all originators exercise the same degree of care in making loans. In the end the agency is expected to supervise the standards, but we know political pressure even today is still very high and immoral. So is the last sweet pot about to go sour ? Yes, it is all rotten, and we know housing debt will consume everything eventually. The congress wants to revive a dead market. Welcome to hell where everything burns sooner or later.
    Sep 08 17:42 pm |Rating: +1 0
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