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Article: COMMENT: New world order of realistic prices.
- Article from:
- Mortgage Strategy
- Article date:
- November 19, 2007
CopyrightCOPYRIGHT 2007 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The liquidity crisis has stung lenders into pricing for risk and cheaper deals have disappeared. Brokers must help their clients to cope with this harsh new world, says Mark Harris
As the dust begins to settle on the mortgage market and lenders refrain from pulling and repricing deals with the same alacrity they've shown in recent weeks, a new status quo is emerging.
I don't think for a moment that the liquidity crisis has run its course and more turmoil is possible, but the market is already shaping up to be a different beast from the one seen before the problems kicked off in August.
Before then, lenders were caught up in a spiral of ...