Residential mortgage originators can transfer loans to ultimate lenders quickly and efficiently using the secondary mortgage market. Some adjustable rate mortgage (ARM) lenders use this outlet consistently while others hold whole loans in their portfolios on a long-term basis. Selling and holding lenders should respond to different economic factors when setting yields on ARM loans originated because their long-term positions in the loans are so diverse.
|Original language||English (US)|
|Number of pages||20|
|State||Published - Jan 1 1997|
ASJC Scopus subject areas
- Economics and Econometrics