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


To: Ramsey Su who wrote (55147)3/3/2006 2:00:29 PM
From: ild  Read Replies (1) | Respond to of 110194
 
<<<End of Alt-A business. Look at how much loan acq and originations have tanked.>>>

I still think it's just a result of competition from the big banks that moved into subprime mortgage lending relatively recently. Gain on sale margins have crashed, so they can't unload to free up the capital. Another possible cause of a crash in gain on sale margins could be that the investors in the secondary market require higher rates.



To: Ramsey Su who wrote (55147)3/3/2006 2:02:18 PM
From: sciAticA errAticA  Respond to of 110194
 
...

The sun'll come out
Tomorrow
Bet your bottom dollar
That tomorrow
There'll be sun!
Just thinkin' about
Tomorrow
Clears away the cobwebs,
And the sorrow
'Til there's none!



To: Ramsey Su who wrote (55147)3/3/2006 2:05:27 PM
From: ild  Read Replies (2) | Respond to of 110194
 
C-BASS has no problems in floating new big batch of toxic paper:

C-BASS Completes $937 Million REMIC, C-BASS Series 2006-CB2
phx.corporate-ir.net