Wall Street Says Pools with Higher Balance HERA Loans Are Eligible for TBA Trades
August 15, 2008
Higher-balance mortgages originated in high-cost markets under the new permanent conforming loan limits established by the recently enacted Housing and Economic Recovery Act of 2008 will be eligible for to-be-announced pools beginning Jan. 1, 2009, Wall Street announced this week. The Securities Industry and Financial Markets Association said it is still finalizing the eligibility...