Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 (38268)	8/9/2005 7:35:43 PM
From: russwinter	Read Replies (3) \| Respond to of 110194

This index was done in 1q, 05, and one can quickly see there is no advantage today, to refinancing on a rate basis for 80% of all mortgage borrowers out there. idorfman.com For lenders to encourage serial borrowers to replace 5.5% APRs, with current 6.5% APR using neg amortization to lower payments (but at higher actual interest rates)for brief periods is churning, and in my view really criminal conduct (even if carried out by clueless young clerks). Message 21588041 Elliot Spitzer will no doubt be calling soon.