The market has changed quite a bit, this is from 2021 when Cook took out the mortgages at issue
aug 30, 2025, 10:34 pm • 6 0 • view
The market has changed quite a bit, this is from 2021 when Cook took out the mortgages at issue
Are these LLPAs based purely on risk, or do they also effectively cross-subsidize mortgages on, e.g., primary residences?
The current second home adjustments, especially
That's not insignificant
Keep in mind that this is fee, as a rough estimate divide by 4 for the change to rate
Yep