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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 (69207)8/31/2006 6:34:16 PM
From: Ramsey Su  Read Replies (2) | Respond to of 110194
 
conf call just over.

I have one question:

so they are forced to repurchase these EPD dogs because the borrowers are such dead beats that they did not even make the first payment, and yet they can turn around and sell these loans as "scratch and dents" for just 15% hit?

I must have heard it wrong or misunderstood what they are saying.