Andrew Wardwell's (amwardwell) Blog

There is a growing segment of the lending spectrum that is filling a void left by the subprime departure.  The origin of the subprime market was for people who have less than perfect credit but can still afford to purchase a house for their primary or as an investment.  Well, our beautiful free m...

Mortgage Backed Securities - (the bonds that are traded on the secondary market that determine interest rates for home owners) were weaker today and put in a position for Banks to Reprice for the worse.