Guess who's back in wholesale? As we hinted on Friday a top ten lender is re-entering the space. Its name is Residential Capital Corp., which also goes by the trade name GMAC Mortgage. Details are in the paper edition of National Mortgage News with a version hitting our website shortly. Meanwhile, should originators start staffing up for a refinancing boom or boomlet? The yield on the 10-year Treasury is ready to break through its 52-week low and mortgage rates are sure to follow. Here's an interesting question to ponder: what's a safer investment today: buying Fannie Mae and Freddie Mac MBS or the debt of nations like Greece, Spain and Portugal? One investment yields more than the other. Well, do you feel lucky today?
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