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| User Info | What am I missing about ABX ?; entered at 2007-12-02 12:35:00 | |||
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Oxfordrick Posts: 3161 Registered: 2007-07-09 san diego 
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Spy, thanks for sharing your situation - it's so rare to hear from someone in the trenches actually dealing with these comnplicate issues. May I ask some questions? Doesn't a trustee hold the securitization assets on which you have NIMs etc? Don't you actually benefit from lower prepayment rates? Are there specific restrictions on the trustee's ability to modify individual loans "in the best interests of all classes overall." Shouldn't your first legal action be against the trustee rather than the government if you are dissatisifed with modification? 2007-12-02 12:35:00
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