Non-QM, TPO, Marketing Products; 2-yr Yield Lower Than Overnight FF – What is Moving Rates?

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Posted To: Pipeline Press

As we nip at the lowest interest rates in 2019, banking regulators are directing their attention to the declining quality of certain farm loans . A Federal Reserve report says from 2016 to 2018, nonperforming-loan ratios rose for farmland and agricultural production, as well as for credit cards and vehicles. Commercial loans aren’t risk free either. Flagstar has financial exposure totaling $69 million on a commercial and industrial loan to the now defunct reverse mortgage lender Live Well, per a 10-Q filing with the Securities and Exchange Commission. Flagstar’s stock sank accordingly. And for economic trivia, the U.S. is also seeing its lowest birthrate since 1986 – not exactly a recipe for an expanding economy. More on what is moving rates below. Lender Products and Services…(read more)

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