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


To: C.N.S. who wrote (44762)11/4/2005 12:18:28 PM
From: russwinter  Read Replies (1) | Respond to of 110194
 
I understand they aren't subprime but they are nonconforming, and if you saw the Fitch report awhile back, conforming mortgages as a % of the total is getting smaller and smaller. There is a big stretch to poor quality under way. After awhile the distinction between subprime and Alt A gets blurred.