Blog

Our thoughts on news that matters.

Refi Fire

Boom! Corporate America refinanced itself at a record pace in January. In renegotiating about $100 billion of loans from investors, companies saved themselves about $1 billion in annual interest costs. Why? Quite simply, Treasuries have backed-up considerably in anticipation of large scale infrastructure spending by the new administration. So investors have been gobbling up floating […]

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The Big One (in mortgages)

Will the Fed’s MBS bond investment program ever unwind, and when? This is the $1.75 trillion question that people are starting to ask. If it does unwind, everything old might be new again. The Fed purchases almost $400 billion MBS annually, and owns one third of the market. Moody’s sees the possibility of 6 percent mortgages. If […]

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We have over $2 trillion of deals loaded on the platform already. And the industry has noticed.