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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 (68500)8/19/2006 1:31:03 PM
From: John Vosilla  Read Replies (1) | Respond to of 110194
 
'The 20% 2nd eliminates the "need" for MI.'

Where is that most risky of subordinate debt getting off loaded to these days? Talked to Bank America the other day and he gave me the impression they sell off the 80 and the 20 and are just a servicing agent in the end. Find that 20 percent bagholder and buy poots with Patron..

By the way Bank America coming out with a new 40 yr fixed rate with the first ten interest only and the last 30 amortizing.


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