Hoomans produce CO2, ergo need less hoomans. Same WEF program, different labeling.
Silly girl, almost NO large bank keeps a single mortgage they originate. That would be the rare event. They all get flipped onto the secondary market.
Second, before Euro nonsense, there were hunnerts of currencies that traded, some liquid (and now electronic and easily manipulated (Hi Ken Griffin!), and had to be hedged by good credit merchant banks. Those went by the wayside in exchange for the super large banks electronically connected to global markets for instantaneous trading, but yet widened the "float" from 3 to 5 biz day out to 10 biz days. Lotsa funning things can happen with cash on a banks books in that time….
Riskless service fees for steady profit. Sale on the secondary mkt involves MERS which is too complex a TBTF scam to get into in this small space.If lucky, there might be a slight premium to underwrite to profit on, but the big exercise is to get the mtge the fook off the books so as to net eff with Tier capital structure and get the ready red flag thrown for bad capitalization by lazy regulators looking for a cushy bank job.
Ackman got some Anons to start posting about Gay's fake credentials and fraudulent data behind her posts and papers. Gonna get spicy.
Don't think so. Will blow up on attys that can't add, most likely, cause in this, the attys will blow up ALL commercial real estate deals, because entire US CRE mkt relies on NY REMIC precedents, a big, big deal worth Trillions. Political Attys know not what tar baby they're playing with just to "Get Shorty (DJT)!". It's the wrong movie.
Mtge broker is a trusted, and licensed, "introducing broker"* who acts as signing agent FOR a bank's origination desk. Bank that approves such origination then sells said paper onto secondary market. Reinsurance doen't come in to play until a stack of mortgages is bundled and packaged for resale under NY State REMIC laws as a Mortgage Backed security. If mortgages for securitization come from Federal National Mortgage Association, securities offered are known as FannieMae, and come with an "implied" Federal guarantee. We can march down multiple agencies, who approve qualified mortgages from introducing member banks, from which FNMA is the buyer from said bank. FNMA then assigns mortgage for securitization at some TBTF. Reinsurance would be temporary, during the securitization process, only. TBTF hedges, usually, in futures market until said security is purchased, usually by an insurer or pension, from anywhere in the world.
Busy marketplace. Made a living off of that for a lot of years optionfagging the futures part.
Glow Bull
Moishe, not every square peg fits in your round hole! Relax!
Only thing that shudders for you are the hinges on that Murphy bed in your trailer.
Democratic US senator says Republican border security demands are currently 'unreasonable' -NBC
Dec 10th, 08:55:31
By Ted Hesson
WASHINGTON (PiQSuite.Com) -The White House will step up its engagement with U.S. lawmakers trying to strike a bipartisan deal that would provide military aid for Ukraine and Israel while tightening U.S. border security, a Democratic senator said on Sunday.
Republicans have insisted that additional funding for Ukraine must be paired with major U.S. border security changes but a bipartisan group of senators trying to broker a compromise have made little progress with less than a week before the U.S. Congress leaves for a Christmas break.
"The White House is going to get more engaged this week," Senator Chris Murphy, the lead Democratic negotiator, said on NBC News' "Meet the Press."
https://PiQSuite.com/reuters/democratic-us-senator-says-republican-border-security-demands-are-currently-unreasonable-nbc
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Glow Bull