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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: George K. who wrote (22152)11/20/2004 8:42:11 PM
From: ild  Read Replies (3) of 110194
 
<<< mid-30% ARMSs >>>
In the article they said "75% of the mortgages backing private label MBS", so may be you number is of different basis? Since you have data can you better explain 30% what of what?

I guess banks like retaining ARM mortgage loans for two reasons:
1. with ARMs they don't need to gamble with future interest rates movement, as they just milk the margin.
2. recently gain on sale to Fannie has come down, so they may just wait for it to come back up. idorfman.com

Another reason is that the banks don't think there is a RE bubble as they are increasingly willing to keep RE on books. idorfman.com
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