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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Ramsey Su who wrote (46094)11/24/2005 10:15:08 PM
From: russwinter  Read Replies (3) of 110194
 
how many are still talking about I/O as if it is a bad thing.>

These IOs are toxic, usually have short teaser periods, interest rate resets (every month, six months, or a year), followed by readjustments to regular amortization (after 2,3, 5 or 7 years) after a period of time. Perhaps Tom can review the typical terms.
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