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Why Have "Points" Made a Big Resurgence In The Mortgage Market?

The most important ingredient in the mortgage market is the presence of homeowners–prospective or otherwise–with the means and desire to make monthly payments.  That fact invites investors to earn solid, predictable returns with almost no risk.  After all, most of the mortgage market is comprised of loans that guarantee that an investor will get their principal and interest back.  The only real risk is a temporary interruption in cash flow or a premature sale/refi that results in the investor being unable to collect interest for as long as they’d hoped.  completely unavailable tomorrow.  …(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Source: mortgagenewsdaily.comNew feed

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