Any Mortgage Traders here

[delhirocks]

Looking at the +ve side...this market gives you a lot of time to devote to your studies.

We are living in interesting times...Its pretty amazing, Mortgages don't have a secondary market anymore



Edited 1 time(s). Last edit at Monday, August 6, 2007 at 12:57AM by delhirocks.

 

[broodc2]

Tell me about it delhirocks. I work on the US and Agency Securities side of a Commercial Mortgage Defeasance Firm and our sales guys are hurting right now. You would think I'd get a lot of time to study now but my astute bosses, instead of allowing for more study time, have found some plebian tasks for me to do as well as other tasks like price out hedging instruments that are so expensive you'd have to be an idiot to buy.

I see my EOY bonus depleting by the day....

I think I have a case of the Mondays

 

[badmrfrosty]

"I think I have a case of the Mondays"

nah, nah man. I think someone would get there ass kicked for saying something like that.

 

[delhirocks]

Thank god for Fannie and Freddie...

I think whoever survives this carnage will be well positioned for future...sure the demand for mortgage is going to go down substantially, but think about it, mortgage market at the front end has shrunk by 15-20%,,,I say ...good times



Edited 1 time(s). Last edit at Wednesday, August 8, 2007 at 10:55PM by delhirocks.

 

[canbonbon]

Good to see that we are not alone in this mess.

http://www.bloomberg.com/apps/news?pid=20601039&sid=axWmsMHJDjiQ&refer=home