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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (41353)9/12/2005 2:08:40 PM
From: Ramsey Su  Read Replies (1) of 110194
 
I was just wondering if your charts represents some aggregate calculation of the entire market, a particular lender, a particular segment of the market.

This GOS stuff is very confusing to me, from an accounting perspective. e.g. I was listening to NEW's presentation and it sounded like they are going to use off balance sheet accounting for some of the portfolio they hold. If I understand it correctly, they are going to hold the loans but report a GOS as if they had sold the loans resulting in an unrealized profit. Since the sale did not take place, I wonder how they determined what they sold these loans for and determine what this "gain" is.

I was doing some cleanup work yesterday and found this old article. It is a pretty easy read. nhema.org

Now if the demand for the mortgage equivalent of junk bonds diminishes, where are the originators going to find money to fund all the loans that Russ pointed out in his post?

Ramsey
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