July 10: Mortgage production jobs; efforts to lower costs continue; Nomura to roll out non-agency security
I received many inquiries about the source of metric definitions (doesn’t that sound high-filutin’!). The accounting definitions that help compare financial results to each other are driven by Fannie, Freddie, and Ginnie’s forms and definitions. Here you go, and obviously feel free to pass along to CFO’s: https://www.fanniemae.com/content/guide_form/form-1002-sample-mortgage-bankers-financial-reporting-form.pdf. Obviously one of the big components of…