The biggest banks are adding government-backed mortgage bonds at the fastest pace in 18 months, breaking with an unusual pattern in which they shunned the debt as their loan portfolios shrank during the economic slump. Large US commercial banks added $51.4bn of so-called agency mortgage-backed securities in the two weeks ended July 21.
Banks ‘throw in towel’ to add most mortgage bonds in 18 months
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The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Marketing Leaders Leaders award are open now through April 30th, 2024. Click here to nominate someone. The recent commission lawsuits have had a profound impact on real estate agents and brokerages as they face increased scrutiny and […]
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