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 (47387)	12/15/2005 9:12:44 AM
From: Ramsey Su	Read Replies (3) of 110194

This is the best line I read recently. It is in the running for the best line of the year. Rolling loans gather no loss. It is totally unclear what percentage of borrowers who would have defaulted were bailed out by a refi. FBR analyst Youngblood recently released a report. He somehow concluded that payment shock can be absorbed by corresponding rise in personal income. So if all the different varieties of ARMs can be rolled and rolled, supported by income growth, then I suspect we will not see any changes in the delinquency rate indefinitely.

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