The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (16366)	7/9/2004 8:26:01 PM
From: Ramsey Su	Read Replies (1) of 110194

Russ, the popularity of subprime loans is unique in this cycle, something that I never experienced dating back to 1983, when I first started handling REOs. We will find out soon enough if subprimes are responsible for such a relatively low default rate and why the MI companies have such a high cure rate ---- just loan those who are behind more money???? Isn't that a chapter from the IMF and World Bank's book?

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