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: Ramsey Su who wrote (37741)	8/4/2005 9:47:01 AM
From: russwinter	Read Replies (2) of 110194

We really need Tom discussing this, because the small print on these loans is critical. I'm sure there are very stiff penalties for just turning around and doing a refi on teaser pay option mortgages. Besides they can't afford a fixed, triples their P&I. If rates stay here, all the avenues of escape have been removed. Mortgaged servicing for debtors is going to get much more expensive, pure and simple. VIX pops over 12.0, they hosed it down yesterday when it was up there, but looks like volatility wants to get out of the box. Only thing holding up are the energy and commodity sector indexes,

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