Sales, Retention, Broker Products; Business is Great, But What’s a Margin Call?

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Posted To: Pipeline Press

With this downward move in rates lenders across the nation are girding their loins for margin calls from broker/dealers on mortgage-backed security positions. (What’s a margin call? Answer in the capital markets section.) And everyone’s stock investments are being pummeled – let’s hope someone thought to move those monies for future down payments from potential borrowers to cash instead of keeping them in stocks. Speaking of things that many don’t think about, as highways switch to electronic toll payment systems, the number of toll collectors are dwindling . That’s okay unless a) you have a problem in Lane 2, or b) you’re a kid and your parent is a toll collector. The Port Authority of New York and New Jersey employed 450 toll collectors in 1997 and…(read more)

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