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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From: Ramsey Su	2/27/2006 9:20:36 AM
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biz.yahoo.com NFI filed their december qtr earnings, albeit late. Looking at the numbers, I see nothing abnormal. As expected, WAC is up, cost to originate is down. The average FICO score is unchanged. Furthermore, they are still holding almost exactly the same fix of around 75% of the 2/28s. Based on that information, we can only conclude that NFI had no problem churning their borrowers yet one more time as of the Dec qtr.

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