MarketWatch is reporting that Credit Suisse has entered into an option-purchase agreement with subprime lender ResMae; CS already controls subprime mortgage operation Select Portfolio Servicing.
Credit Suisse loves subprime
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Lower mortgage rates attracting more homebuyers
An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]
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