I recently rejoined my bridge lending firm just this week. Upon returning, I found out several of our loan buyers have dramatically changed their credit box and many of our loans no longer fit. I wonder if capital markets are still frozen across the industry or if this is just a “me problem”? When will they free up? Thoughts?
I can see that Non-Agency MRIETS are still screwed and the Credit Spread is super wide. Was the 2008 recession this bad? The only loan buyers I have been running into today are bottom feeders. What do you guys see?
Thanks
- Cries From a First-Year Analyst.
