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User Info What am I missing about ABX ?; entered at 2007-12-02 09:26:11
Mtgspy
Posts: 6202
Registered: 2007-10-27
You guys have seen this table right???

Look at the "Wala" column, that's the age. Yes, it is 15 months!!! Still 10 months to Reset for the ARM. Also, not everything is ARM 2/28, 25% is Fixed Rate!!!!

So tell me, if someone's defaulting during teaser period, what is the use of freezing the rates at teaser?

Is this supposed to be magical thinking?


2007-12-02 09:26:11