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


To: russwinter who wrote (24893)1/18/2005 6:17:19 PM
From: mishedlo  Read Replies (2) | Respond to of 110194
 
What % are straight arms and what % are hybrids?
Shhesh this can get nutty.
Merrill told me just today their 3 yr arms were tied to 3 yr libor. I did not ask about hybrids.

Mish



To: russwinter who wrote (24893)1/18/2005 7:27:54 PM
From: ild  Read Replies (2) | Respond to of 110194
 
<<<3/1 hybrid ... interest only loans then have to amortize principal over 30 years. >>>

As it was posted here they actually have to amortize principal over remaining 27 years.