Dec. 9, 2002


  • Great article if you are a community credit union or a large multiple SEG. If you are a "single" sponsor, then the concept of wholesaling at Lowes or Home Depot is not realistic. Additionally, the idea of 30 year mortgages having average lives of only 5 years in very simplistic and based on the current interest rate environment, one that has not existed in 40 years when FNMA and FHLMC did not securitize mortgage loans. Mr. Callahan needs to be careful when he suggests such a strategy that in a few years might have significant impacts on a credit union's interest rate risks and/or credit quaility....
  • Old news!