Chax,I understand what you're trnyig to say, basically that perhaps these loans have already defaulted and are no longer in the queue to clear out.There have been no reports that corroborate that stance, and no clear evidence has been presented that that's the case.I very much doubt that we have seen even a significant population of neg-am arms come through yet. Because of the amortization schedules, most won't begin to recast until mid 2010, and not peak until 2011 or 12 due to the current low-rates.However, once they do recast, they have very high severity losses and the as obvious, the default rates are worse than subprime. In California coastal, Neg-am products were chosen nearly 2 to 1 over subprime. If you include alt-a, they are significantly higher. Chuck
Chantell - 22 Aug 03:52 uur
Joan Osborne is super. Heb een paar cd s van haar! Ken jij Please don't tell me how the story ends van haar? Is ook een heel mooi nummer! Binnenkort Alison Krauss?
Lydia - 23 Jul 12:14 uur