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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: orkrious who wrote (4725)1/10/2004 12:06:58 PM
From: Ramsey Su  Read Replies (1) of 110194
 
loan growth for these subprime guys could be heading into the best of all times because:

1. tons of borrowers still kind of "creditworthy".

2. tons of lenders eager to buy junk off them.

3. the spread is huge and fees outrageous.

4. delinquencies not high enough to be alarming yet and these guys will actually make money well into the first and second wave of delinquencies, as they refi to bail out other forms of delinquencies, such as the consumer credit stuff in credit cards and auto.

I think they will eventually be in trouble, but just not quite yet.
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