Posted To: Pipeline Press

I messed up yesterday, not knowing “Bike to Work” Day was postponed until September. Getting out of the bedroom was okay on my Schwinn Varsity, but coming down the stairs was rough on “the boys.” What is also rough are margin calls. Margin calls were, and still may be, a big deal for lenders’ cash flows. There’s little point being upset with broker dealers. The Treasury has a committee that establishes best practices for the fixed-income markets , and the TMPG’s recommendation for managing margins has been in place for years. But residential lenders are licking their chops over what promises to be a solid May and June, given pipelines, margins, and a stable market. Given the potential profits, few lenders want to “leave the table.” But that…(read more)

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Source: Mortgage News Daily