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Posted on 3/21/24 at 8:02 am to Bazzatcha
Countrywide this poses a serious threat to lots of the banks. Many are holding a lot of commercial paper and when these losses have to get written down it will be a blood bath.
Posted on 3/21/24 at 8:20 am to Bazzatcha
quote:
Why didn't they lock in a 30 year mortgage back when rates where low?
Because they dont have those terms for commercial for a majority of lenders
They are usually 5yrs
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