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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?


To: The Reaper who wrote (2763)9/7/2007 12:19:26 PM
From: RockyBalboa  Respond to of 6370
 
Not said but,


"...transformed our mortgage production from largely an Alt-A platform at the beginning of the quarter to roughly 90 percent GSE-eligible production"


--> We shitfed and (also, mostly, mainly) cut our production which now is 90% GSE eligible...

--> while our production is GSE eligible we can not assert that GSEs will be willing to buy.

....