Blog: Who will buy my wonderful mortgage?

  • Story by: Emma Ann Hughes
  • Magazine: MortgageAdviser
  • Published Wednesday , September 24, 2008

It may seem like a lifetime ago but it was only a couple of years ago that some lenders were desperate to speak to those who could bring them more mortgage assets.

Advertising

Back then funds were far more easily obtainable from investment houses keen to tell their investors their cash was as safe as houses. Some banks were struggling to find enough borrowers to hand this money over to and reap rewards for investment houses.

What a difference a year makes, eh? Earlier today Bradford & Bingley, the latest lender to endure whispers about a potential takeover, confirmed is had renegotiated the terms of its mortgage forward sale agreement with GMAC-RFC.

To read the rest of this blog, and post your comments, click here.

FTAdviser BLOGS RSS

Latest Post  

Forecasts - few and far between

For the last few years, on a Wednesday, my email inbox has been packed with Bank of Englan... read more

SIGN UP TO NEWS ALERTS