SIFMA Pushes Up the Start Date for Conforming Jumbo Mortgages Eligible for TBA Trading
September 5, 2008
Upon further review, Wall Street has decided to speed up by three months the start date for originating conforming jumbo mortgages eligible for delivery into to-be-announced pools. On Aug. 10, the Securities Industry and Financial Markets Association announced that higher-balance mortgages originated in pricey housing markets under the expanded conforming loan...