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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (19387)12/23/2004 11:44:10 AM
From: ild  Respond to of 116555
 
<<<Novastar mentioned difficulty unloading a "lower gain related to our latest securitization" which may be the result of fallout from Fannie's troubles.>>>

There has been a substantial compression in gain on sale margins.
idorfman.com
That left subprime as the only play with good margins. But CFC became very aggressive in subprime last summer which cut into subprime margins for all players.