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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: TH who wrote (13758)5/13/2004 1:06:07 AM
From: t4texas  Read Replies (1) | Respond to of 110194
 
i just wonder if any or all these "creative" mortgages are fannie mae-able or freddie mac-able. i have always assumed all these ditec.com, lending tree, countrywide, etc., loan originators were laying off their bets (mortgages) almost immediately. some entities are buying these mortgage-backed bonds, but they are not all fannie mae-able or freddie mac-able. what entities are picking up the rest? any ideas?



To: TH who wrote (13758)5/13/2004 8:15:59 AM
From: russwinter  Read Replies (2) | Respond to of 110194
 
<After the initial 3 year, fixed-rate period the rate will adjust every 6 months>

What instrument does it adjust too, and by how much?

Sadly these financial institutions are full court pressing Alan Greenspan's moral hazard advise on ARMs.

rockfinancial.com