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Lee said collateralized mortgage-backed securities. been big on construction lending, but on perms [permanent loans] they’ve gotten much more aggressive.” Historically, out-of-town developers have.
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mortgage Signs like these are still a rarity across much of the country, as existing homeowners continue to hold off on moving to newer or bigger homes. Home price appreciation is slowing. Consumer sentiment.
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Few expect the next downturn to be anything as dramatic as the Great Recession, when a subprime mortgage market crash. he is concerned about some of the loan assumptions being made in some CLO.
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