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

To: loantech who wrote (46109)	11/25/2005 1:08:35 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

Question then is the composition of the existing pool of IOs, how much is fixed rate, and for how many years (1,2,3,5), and how old are those, idorfman.com versus how many are variable, resetting every month or six months, and where are they (Calf)? idorfman.com I would call the variable rate, and/or those who convert to reg amortization within three years of origination (typically 2003-2005) located in high priced markets to be toxic. I mean how many 5 year fixed rate IOs are there in the marketplace? No argument with Ramsey that the 2/28 subprimes (usually not IO, but fixed for 2 years) are the most toxic of all, but so are these others.