SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: loantech who wrote (37781)8/4/2005 2:29:57 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 110194
 
Wow, that was quick!<G> I suspect that's the main reason their overall origination LTV looks "OK"......



To: loantech who wrote (37781)8/5/2005 12:17:25 PM
From: Perspective  Read Replies (1) | Respond to of 110194
 
Do you have a good feel for where those toxic LOC's are ending up? Please tell me it's not our local neighborhood Washington Mutual. I think *they're* smarter than that.

Who is it? That Fitch report says that hedge funds are snapping it up, but you must have some unique visibility on where that toxic 20% ends up. Is it all pooled and securitized, or are the Washington Mutuals and Bank of Americas playing this Russian roulette?

BC