With short term rates spiking, there’s been lots of coverage about this topic this week. Below are some stories about why short term rates are spiking, including a couple good stories explaining what the TED spread is and why it’s important. Econobrowser: Understanding the TED Spread: This is a great (and brief) primer on the
LIBOR
John Courson, who ran Central Pacific Mortgage before they failed early last year, and who was appointed the chief operating officer for the Mortgage Bankers Association of America (and is set to become the association’s president in January), is facing a fraud and embezzlement lawsuit by former branch managers. The MBAA, of course, is now
Forget all the news about the bailout, and about Citi/Wachovia! More importantly, Heather Locklear was arrested! Rumors of thousands of men lined up to post bail are probably exaggerated. Obviously this mortgage crisis is proving too much for her. Decent listing of current links Are you preparing for a presentation, or being asked by clients
It was not long ago that most home loans were the same, simple structure. A fixed rate along with an amortization schedule of 15 or 30 years. But in the past couple market cycles, and especially in the past five years, home loans have gotten a lot more sophisticated to meet the expanding objectives of