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

To: russwinter who wrote (52127)	1/31/2006 8:24:20 AM
From: orkrious	Respond to of 110194

CHCI isn't doing too well biz.yahoo.com

To: russwinter who wrote (52127)	1/31/2006 8:42:13 AM
From: westpacific	Respond to of 110194

Wages up smallest amount in 9 YEARS! Rich grow mega rich, workers fall into SERFdom. What a racket. West

To: russwinter who wrote (52127)	1/31/2006 9:04:38 AM
From: Ramsey Su	Respond to of 110194

Russ, I was anticipating a change in trends so I was paying more attention to sequential changes. Defaults Dec 05 49,969 Nov 05 50,653 Oct 05 51,651 Sept 05 44,711 Aug 05 42,407 July 05 42,507 As you can see, while the 4th qtr had higher defaults than the 3rd qtr, it was not indicative of any trend. Regarding "cure", the FNMA definition is exactly how I understood it to be and confirmed by MICA. A few months ago, I sent MICA an email inquiring why the cure rate would be over 100% during the early 90s when market conditions should surely prove otherwise. MICA responded by saying that they only compile the number and do not analyze it. Therefore I am not sure what to make of that cure number. Ramsey