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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 (37399)7/31/2005 3:11:03 PM
From: russwinter  Read Replies (1) | Respond to of 110194
 
Looks like Novastar does a bunch of highly toxic 2 year fixed, and some 2 year IO. That I think confirms what I said about two year being the subprime vehicle. If this outfit holds this in the portfolio they won't be long for this world.

<Most are capped at 7.5% increase in payment amount.>

Seems too low, but don't really know, something to try and find out.