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| User Info | What am I missing about ABX ?; entered at 2007-12-02 09:40:10 | |||
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Energyecon Posts: 355 Registered: 2007-11-16 Houston, TX 
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Questions I have as well: 1. How crowded is the short ABX trade these days, and would that make it any easier to push around for end of the year window dressing for IB's? 2. How many of the current defaults are due to resets (50% or less?)? Does negative HPA stop, or continue and provide additional homeowners with the incentive to default? 3. How does this save any time or money over traditional loan mods as 'eligibility' must still be determined on a case by case basis? 4. Backlash anyone? Both from those who have ARM's but are deemed able to suck it up and take the reset and the responsible folks who saved and got a fixed rate mortgage (who I suspect are regular voters, be interesting to see a correlation to that and those who own free and clear)? 5. Yal, I think you nailed it on the last comment there - it is more marketing - and ultimately that is about all it will be unless it makes things worse (this whole ****storm is product of not taking our medicine). 6. Bubblesee, my WAG is if there is a big selloff or crash grade market event the dollar will spike hard and those who got into dollar positions in advance will profit. 2007-12-02 09:40:10
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