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Strategies & Market Trends : Value Investing
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To: a128 who wrote (26311)3/14/2007 6:41:07 AM
From: valueminded  Read Replies (3) of 78751
 
I would expect AHM issues will become noticeable. My read was they hold a large number of loans that are option arms which are a risky product (imo) as the mortgage holder doesn't have to pay the full interest due each month.

In terms of refinancing, generally the ones that will need it will have a more difficult time qualifying due to either a lower fica score or a lower amount of home equity - so a rate cut may be too little too late here.

I am always on lookout of high (>8%) yielding investments. I already have a full position in the Canroy's but if there are some other thoughts out there, (outside of mortgage reits) I would appreciate it. Thanks
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