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

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To: russwinter who wrote (37364)7/31/2005 1:40:03 PM
From: Ramsey Su  Read Replies (2) of 110194
 
Russ,

interesting stuff indeed. See if this link works for the article that I think you are referring to.
fitchratings.com

Unfortunately, the period that Fitch is using, though they really have no other choice, is not representative of what I consider a normal credit cycle. Bottomline, I think the most important term of these loans is the payment cap. The shock is going to be the reset date, potentially 5 yrs from origination. That is assuming all market and employment conditions remain stable between now and then.

Ramsey
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