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    Bailout Request by US Mortgage Lenders – Due Huge Basis Risk?

    The Mortgage Bankers Association is asking the Fed for a bail out, claiming that the Fed’s recent buying spree in MBS has led to margin calls on the short hedges against MBS these lenders entered to protect themselves from price declines in the period before they can package the loans to Fannie...
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    Head Start on May 2020 Part II with 2019 Materials?

    I passed Part I in May and decided to take a deeper dive and slower pace for Part II, electing to sit for it in May 2020. I would like to get started using both printed official curriculum and BT materials (I have already purchased the later). However, 2020 printed materials will not be...
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    Exam Feedback May 2019 Part 1 Exam Feedback

    Passed with 1111. Many thanks to David and Nicole.
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