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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: CalculatedRisk who wrote (28532)3/13/2005 4:49:53 PM
From: ild  Read Replies (1) | Respond to of 110194
 
Remember stories from 2003 about mortgage brokers making $3,000 to $5,000 every three months by refinancing their own houses? IMO FNM/FRE sit on huge losses after they paid upfront for all purchases and refinancings. It's still beyond me why they don't have some well defined pre-payment policies attached to all loans they buy.