The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (56660)	3/23/2006 4:42:35 PM
From: Ramsey Su	Read Replies (2) of 110194

who said they have to shrink? <gggggg> Mish, a conforming loan requires downpayment, mortgage insurance if less than 20% down, limited to $417,000, full doc, over/under ratios ......... In exchange for all that work, a conforming loan supposedly gets the reward of slightly better rate. Many borrowers today simply will not qualify under those terms. Loan originators are not penalized because they can originate any combination of junk and the smart wall street brokers can dump them on a seemingly endless pool of buyers. I think that is why agency portfolios have been declining, not because they wanted to.

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