tag:blogger.com,1999:blog-3842956368359302526.post8808773004999606411..comments2023-03-17T08:45:00.942-04:00Comments on Derive This: You Can Give Me Money, But You Can't Make Me Lend ItBo Penghttp://www.blogger.com/profile/00909656367080859242noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3842956368359302526.post-81709935722039430812009-03-07T12:57:00.000-05:002009-03-07T12:57:00.000-05:00It's a rhetorical question, Clayton. It doesn't ho...It's a rhetorical question, Clayton. It doesn't hold water once you drill down a little. If the market is functional, which at this moment is a question, then for the same credit in the same locale, new mortgage and existing ones should be of the same value and risk.<BR/><BR/>However, reality is mortgage market is hardly a market anymore, with the massive government interference and widespread panic. So it's hard to say which one is cheaper without actual experience.Bo Penghttps://www.blogger.com/profile/00909656367080859242noreply@blogger.comtag:blogger.com,1999:blog-3842956368359302526.post-71022854434267509142009-03-06T16:21:00.000-05:002009-03-06T16:21:00.000-05:00Why would any bank acting in its own profit maximi...Why would any bank acting in its own profit maximizing interest originate new mortgage loans when it could already buy existing performing mortgages from a number of other banks for far less than face value?Claytonhttps://www.blogger.com/profile/12496358961702798312noreply@blogger.com