TITLE

Servicer Hedging Costs to Grow, Even if Rates Don't

AUTHOR(S)
Lepro, Sara
PUB. DATE
March 2010
SOURCE
American Banker;3/30/2010, Vol. 175 Issue 48, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents an overview of the impact that the 2010 departure of the U.S. Federal Reserve from the mortgage-backed securities market will have on servicer hedging costs and the hedging practices of financial servicers across the U.S. A discussion of reaction to the departure's impact which was seen in many financial institutions, including Citigroup Inc. and Compass Analytics LLC, is presented.
ACCESSION #
48902351

 

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