Among the major originators of interest-only mortgages, production trends were decidedly mixed in the first half of this year, according to an analysis by Inside Nonconforming Markets. In a group of 12 lenders, six posted lower IO production compared with the first half of last year while some others boosted production significantly. Overall, the lenders originated $6.81 billion in IOs in the first half of 2017, down 19.9 percent from the same period last year. A fair amount of the decline in IO production was driven...[Includes one data table]
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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