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Lender: BFS rates safe for now

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Mortgage Broker News | 27 Mar 2012, 11:00 AM Agree 0
The hasty retreat of A lenders from the NIQ space will certainly limit funding options for broker clients, but shouldn’t – despite growing fears – lead to a spike in borrowing costs, said a leading Alt A player.
  • Robert | 28 Mar 2012, 10:53 AM Agree 0
    This makes no sense to me. "A" borrowers will definitely pay higher rates on stated deals because fewer "A" lenders will serve this market. It is simple supply and demand.

    "B" lenders may not move their rates up, but that doesn't meant that "A" clients won't pay more.
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