From Bloomberg (via the HW Video Channel), comes some news that will certainly be foremost on most mortgage banking professionals’ minds tomorrow morning: Lehman Brothers is already estimating that MBS sales dropped 36 percent in the soon-to-be-reported-on period. Be sure to pay attention to analyst mean estimates for earnings at Wall Street’s biggest investment banks. If they’re on target (never a given; after all, we’re talking about analysts), this would appear to be the quarter that the proverbial chickens decide to roost. Click here to watch the full clip, courtesy of Bloomberg.
Lehman: Sales of Mortgage-Backed Bonds Off 36 Percent
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