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08-04-2015, 11:16 AM #1Senior Member
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Wow I didn't know they didn't balance sheet anything. That's how many mortgage lenders operate. They just sell their paper to big banks or the government. They're just a middleman...
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08-04-2015, 11:25 AM #2A forum user
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Well they were balance sheeting a lot of it but they have just recently made this big push to sell more of it. An affiliate of Jefferies has agreed to buy $500 mil of future loans, which is only about one quarter's worth of origination.
Originally Posted by MCNetwork
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