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Has anyone noticed the new temporary 2009 High Limit ($729,500) being offered by any lenders, and if so who? Furthermore do any AE's or MBS/Secondary folk have any insight as to timing? It was eligible for sale to FNMA effective May 1st. I am concerned that because it expires December 31st, it will...
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Curt, As I mentioned in another thread, the interest rate on the underlying loans in a MBS is typically around 0.5% higher than the pass-through coupon rate. This 1/2% difference is the servicing and guaranty premium. The guaranty premium charged by Ginnie Mae on a Ginnie I pool is .06% leaving the lender...
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I didn't see this discussed in Matt's MBS basics so I thought I might point out to anyone that might be interested that when looking at MBS pricing the rates quoted are the pass-through coupon rate. The interest rate of the coupon is adjusted to a yield that is 1/2 percent lower than the underlying...