The role of mortgage-backed securities, rating agencies, prudential regulations, and housing policies have been debated at length and quick conclusions rather than a much-needed empirical evaluation have led economists and market pundits to dub the Great Recession a Subprime Crisis. But a recent paper by MIT researchers says they’re wrong. Here’s why, and what it means for the future.
- June 7: Compliance, AE, LO jobs; broker, non-QM products; tariffs & rates; non-QM & expanded products across the biz
- $80 million townhouse breaks NYC record for most expensive residential sale ever