Banks Say Fed Rescue Threatens Mortgage Hedging Strategies
Financial Times, Mar. 31, 2020–Laura Noonan, Robert ArmstrongMichael Fratantoni, chief economist of the Mortgage Bankers Association, said regulators should issue guidance to relieve the margin-call pressure because “these are operating businesses with good loans to settle the trades.”
https://www.ft.com/content/391f6874-891f-48c1-a641-3e431604d3fa
