Speed and Risk
May 22, 2013
Today the 10-year swap rallied 10-12 basis points, closing at 2.17—the highest level we have seen over the past few weeks. I was discussing the jump with one of our correspondent CMBS lenders, who shared a relevant thought: speed in processing conduit loans mitigates risk.
And that has been our experience at Slatt, both with them and in general. In particular, efficiency of process with this specific correspondent trumps many other shops.