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Loan Modification

: Mortgage Lender Implode-o-Meter

Mortgage-Bond Leverage Hits 10-to-1 as Markets Heal, RBS Says

By Implode-Explode Heavy Industries

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"Repurchase agreement, or repo, lending against the debt has expanded so much since freezing in late 2008 that some banks now offer as much as 10-to-1 leverage and terms as long as one year on certain securities backed by prime-jumbo home loans, said Scott Eichel, the Royal Bank of Scotland unit?s global co-head of asset- and mortgage-backed securities."

Full post as published by Mortgage Lender Implode-o-Meter on January 19, 2010 (boomark / email).

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