Posted To: Pipeline Press
A year ago… remember when you couldn’t find toilet paper for sale? Now you can’t find a house for sale. But there are plenty of Agency MBS and other debt for sale. Just as borrowers are lowering their debt load by refinancing their home loans, corporations and governments are taking advantage of low rates while they’re here. For example, American Airlines has raised $10 billion through an offering of $6.5 billion in high-yield bonds and $3.5 billion in loans, the largest debt deal ever by an airline . Freddie and Fannie know a little something about debt, and this week’s Fannie news (constricting 2 nd and vacation home locks) has caused disruption as the aggregators and the agencies plan to implement this. But locked pipelines, with their processing time , are…(read more)
