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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Oblomov who wrote (29215)	2/26/2003 11:51:38 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 74559

my understanding is that with Fanny Mae, if you want more information on a given $80M packaged portfolio of mortgages, you can only be given aggregates avg income of borrowers avg amount borrowed pct single family, pct multi-family avg pct of income to carry monthly expense avg appraised value avg down payment (loan to value) avg amount of additional debt held by borrower avg amount handed back to buyer at closing (for repairs! -- bullshit) sure, plenty of details, but one cannot legally learn about the proportion of utterly shitful borrowers granted loans, and utterly shitful quality loans, all of which are then shoveled off to unsuspecting FNM bond investors / jim