Scratch and Dent Loan Market

Scratch and Dent Loan Market

With the recent agency position change regarding a “zero-defect policy,” one would have thought that would be the end of scratch-and-dent loans sold into the secondary market. However, that is NOT the case. As a matter of fact, some of the scratch-and-dent...
Rumors and Whispers Overheard at the Western Secondary

Rumors and Whispers Overheard at the Western Secondary

Each year, I am proud to participate — and oftentimes help coordinate — the Annual Western Secondary. This year marked the 43rd year of the event, and attendance was off the charts with 600 registered attendees and another 100+ there, but not registered! Some fly in...
Overheard at the MBA Secondary Conference

Overheard at the MBA Secondary Conference

There was close to 1700 registered mortgage bankers at the MBA Secondary Conference last week with easily another 1000 non-registered floating the halls and streets of Times Square in New York City…. I know because many of my impromptu meetings were in the...