NEW YORK ( MainStreet ) — The mortgage industry is no different from the rest of the financial or tech world and is fraught with odd terminology, tons of acronyms and other confusing jargon.
Canyon Partners is paring its bullish investments in the mortgage-bond market after the hedge fund made about $7 billion in the past decade capitalizing on opportunities leading up to and following the financial crisis.
The mortgage world is a very different place since the financial crisis of 2008 and the ensuing regulations put into place under the Dodd-Frank Act. I spend most of my time explaining the outrageously confusing good-faith estimate. After I explain how the numbers add up on this form, my clients …