Beyond Year Mainstays

The 30-year (single-family, level-payment, etc.) programs dominate trading and investment energies in the pass-through market—in 2004, almost three-fourths of new supply was 30-year programs. The next deepest markets exist for 15-year programs, followed by 20-year, 10-year, and relocation (relo) mortgage pass-throughs. The relative size of these markets, across agencies, is shown in Exhibit 3-19. (Included are all programs with over $2 billion outstanding in January 2005.) All but the relos trade TBA. Periodically, 15-year coupons support attractive roll markets.

Credit Score Booster

Credit Score Booster

There are many misconceptions about credit scores out there. There are customers who believe that they don’t have a credit score and many customers who think that their credit scores just don’t really matter. These sorts of misconceptions can hurt your chances at some jobs, at good interest rates, and even your chances of getting some apartments.

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