All Posts Tagged Teaser Rate

Hope Now, Pay Later

December 6th, 2007 | No comments

Some analysts were complaining that the Treasury Department/Hope Now Consortium plan to fix some mortgages at “teaser rates” – as a way to stall the foreclosure wave – was nothing more than delaying the pain. This may be true, and the fact that mortgage backed securities investors seemed to be missing during all the planning [...]

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The “Hope Now” Mortgage Plan: Where Are The Investors?

December 3rd, 2007 | No comments

One need look no further than the so-called member list of the Hope Now Consortium to realize an important constituency in all this is missing: Of the 33 entities on the list, only three are classified as “investors.” In addition, you could easily exclude all of those – the American Securitization Forum is a trade [...]

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