While the Federal Reserve has said they will pour virtually unlimited amounts of capital into the mortgage-backed securities market there is another problem on the horizon; non-banks use warehouse lines of credit to fund their mortgages which are usually packaged and sold to private investors or government-backed agencies; in a normal world warehoused loans have very low default rates because the mortgages are very new but mortgage holders have been told they can take a 90-day holiday from servicing the loans without facing penalties; Fannie Mae, Freddie Mac and Ginnie Mae typically reject loans that are already in default so originators are trying to sell these loans “as fast as humanly possible”; but for non-conforming loans (that can’t be sold to one of the aforementioned agencies) there is not the option to securitize before the first payment is missed; some warehouse lenders such as JPMorgan Chase have stopped offering that kind of financing. Financial Times
With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences.
Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.