Mortgage-Backed Security

Bank of America and the middle-man hedge 

We often need to be reminded that we are officially in a recovery and have been for awhile. Operating in the mortgage space is a significant challenge and much criticism is directed at the big four in particular. The banks are often charged with exhibiting endemic incompetence in the goings-on of daily business. The banks themselves admit they need work in many areas, but say they are doing the best they can with what they have.