Gain-on-sale is one of the most watched measurements of how a lender’s profitability is holding up. So far, GOS measurements at reporting companies have been a mixed bag.
Bargains are to be had in the multifamily loan sector as long as you can find a willing seller that’s trying to clean up its books. One such sale involved HomeStreet Bank in the Pacific Northwest.
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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