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CMG Mortgage Insurance webinars address secondary market
SAN FRANCISCO (6/14/10)--CMG Mortgage Insurance Company (CMG MI) will conduct two free 90-minute webinars with practical guidance for credit union leaders who want to use the secondary mortgage market to improve liquidity. The webinars, “Fundamentals of the Secondary Market” and “Secondary Marketing Economics,” will focus on alternative approaches, necessary resources, management of investor relationships and best practices for successful participation in the secondary mortgage loan market. The webinars are July 7 and 8 at 2 p.m. ET. Alan Bahr, CMG MI director of secondary markets and national accounts, will conduct the webinars. Bahr has experience at several Wall Street investment firms. “With investor interest beginning to return, the secondary market presents a vital source of new mortgage loan programs and liquidity that credit unions can’t afford to neglect,” Bahr said. “CMG MI is a strong supporter of credit union growth, and their active participation in the secondary market is central to that goal.” During Fundamentals of Mortgage Lending, July 7, lending officers will learn:
* The latest mechanics of the secondary market; * Alternative secondary marketing strategies; * Types of secondary marketing contracts and their potential risks and rewards; * The basics of working with government-sponsored enterprises and the Federal Housing Administration; and * How to manage secondary requirements.
Secondary Marketing Economics, July 8, will cover:
* The key concepts that help determine the relative risks and returns and liquidity considerations of a mortgage business; * The influence of mortgage lending on liquidity management; * The principal drivers affecting the success of secondary versus portfolio execution; * The risks of alternative secondary delivery channels versus portfolio lending; and * Evaluation of the components of effective pricing.
CMG MI is a corporate joint venture between CUNA Mutual Insurance Society and PMI Mortgage Insurance Co. For more information, use the link.
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