This will be my last column for Asset Securitization Report.  I’d like to leave readers with some parting thoughts on the current regulatory and policy environment and its impact on consumer mortgage rates.

I read with interest the article in the Christmas Eve edition of the Wall Street Journal entitled “Push for Cheaper Credit Hits Wall,” which indicated that the Federal Reserve’s desire to push primary mortgage rates lower  has been derailed because “... a shift in the lending landscape has made some banks unable, or unwilling, to pass along cheaper credit.”  The article cites a variety of factors, including a shift in lenders’ cost structure and their hesitance to add processing capacity.

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