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

To: Ramsey Su who wrote (25013)	1/20/2005 9:26:25 AM
From: zebra4o1	Read Replies (1) \| Respond to of 110194

Ramsey - have you taken a look at Ryland yet? Just want to make sure I haven't missed a post.

To: Ramsey Su who wrote (25013)	1/20/2005 9:58:17 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

My feeling is that credit quality rollover can also almost be dated as post-Dec. 8th, so not quite showing up in the 4th quarter numbers. The fury of ARMS and HELOCs rate resets really just hit in Nov, but now we are getting monthly squall line after squall line. The dump going on in the stock market in January ought to really leverage into this as well. Just like Audrey, this Bubble needs more and more plant food, and it's just not there. Are there any good January canary in mine shaft reports that you know of?

To: Ramsey Su who wrote (25013)	1/20/2005 11:10:40 AM
From: ild	Read Replies (1) \| Respond to of 110194

Did you read this: Sickened By Fraud, A Real Estate Appraiser Turns In His Pencil Message 20963717 I also looked ar RDN numbers. THeir credit quality is going down the drain. Quarter Ended December 31 2004 % 2003 % Total Primary New Insurance Written by FICO Score (in millions) <=619 1,922 16.4% 992 7.8% 620-679 4,048 34.6% 3,838 30.2% 680-739 3,558 30.4% 4,828 38.1% >=740 2,174 18.6% 3,034 23.9% Total 11,702 100.0% 12,692 100.0%