The ones who pay are the only ones who have no say.
Image Copyright 2015 by Dennis J. Wall.
"No matter whom you deal with for the mechanics of your mortgage, in other words, the rate you pay is ultimately set by asset managers, hedge funds, pension funds, sovereign wealth funds and countless other players who are buying and selling securities in hopes of getting the best deal." Neil Irwin, "Forget About Market Timing," p.11, col. 1 (New York Times Nat'l ed., "SundayBusiness" Section, Sunday, July 19, 2015), published online under the title of "Thinking About Taking Out a Mortgage? Don't Obsess Over the Fed," posted on July 16, 2015.
When mortgages return from being viewed as securities to being treated by banks and insurance companies as collateralized loans that are paid back, mortgages will become easier to deal in, and to deal with.
See and hear our initial effort at bringing the sights and sounds of Lender Force-Placed Insurance Practices to life on this YouTube video.
Please Read The Disclaimer. Copyright 2015 by Dennis J. Wall, author of "Lender Force-Placed Insurance Practices" (American Bar Association 2015). All Rights Reserved.
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