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Volume 2018 - Number 38

October 12, 2018

MISMO Plans Non-Agency Standardization Effort

The Mortgage Industry Standards Maintenance Organization is launching an effort to standardize the loan-grading systems used by due diligence firms in the non-agency MBS market.

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.

 

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Research Reports:

Poll

Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.

35%

The wholesale/table funder. They’re taking the financial risk.

30%

The broker, but only for the first year. After that, the borrower is fair game.

13%

Hard to answer. It’s a complicated issue.

22%

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