Forum

Broker news forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Notify me of new replies via email
Mortgage Broker News | 02 Apr 2013, 12:00 AM Agree 0
One broker believes the new B20 guidelines should allow lenders to create a residential mortgage-backed security market entirely focused on uninsured loans.
  • Banker on BayStreet | 02 Apr 2013, 08:15 AM Agree 0
    Why Dumb brokers who have no clue on B20, ABCP,RMBS,MBS and covered bonds, make stupid comments and give their opinions?

    Brokers think because they make lots of money, they are actually smart. News Flash Making money doesnt make you smart ;)
  • Tomas | 02 Apr 2013, 09:55 AM Agree 0
    “They should be able to create an uninsured RMBS market and the paper would be clean enough for investors because of the B20 Guidelines they follow,”

    I have two anecdotal accounts of mortgage apps involving TD and CIBC in which B20 guidelines were not followed.

    Only a fool invests in uninsured paper.
  • Den | 02 Apr 2013, 12:21 PM Agree 0
    Thank you "Banker on BayStreet"!
    We will continue making lots of money helping and educating homeowners, while you will continue managing all that ABCP, RMBS, MBS and covered bonds for the mediocre salary ;)
Post a reply