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User Info	What am I missing about ABX ?; entered at 2007-12-02 13:19:19
Mtgspy Posts: 6202 Registered: 2007-10-27	Q1: Doesn't a trustee hold the securitization assets on which you have NIMs etc? A1: Yes. I am sure they will fight alongside _everyone_ opposed. Q2: Don't you actually benefit from lower prepayment rates? A2: Yes assuming the rate is as advertised Rick - afterall that's the price we paid. This is not even close to "bending backwards". Q3: Are there specific restrictions on the trustee's ability to modify individual loans "in the best interests of all classes overall." A3: We will find out, my guess is plenty that can be used to ward off the mess. The surest thing right now is that something like this won't be in place till Jun 08 to fully operate and it'll be too late to effect anything. Everyone has their pikemen forward by that time. I'll post with new updates. Q4: Shouldn't your first legal action be against the trustee rather than the government if you are dissatisifed with modification? A4: Let's find out first where they stand shall we? :D 2007-12-02 13:19:19