TITLE

More on the Margins

AUTHOR(S)
Terris, Harry
PUB. DATE
January 2010
SOURCE
American Banker;1/26/2010, Vol. 175 Issue 13, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the profitability to banks during 2009 of mortgage-loan originations. A U.S. Federal Reserve program to buy mortgage bonds with guarantees from Freddie Mac and Fannie Mae, coupled with mortgage rates that did not fall as much as some might have expected, resulted in profitable margins for banks. Accompanying graphs illustrate mortgage rates and origination volumes over a ten-year period.
ACCESSION #
47728676

 

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