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  • Mortgage Resets: Subprime May Be Ending, Option ARMs Have Just Begun [View article]
    Ok listen.

    Look at the MTA or COFI index. These are very low. Besides Libor, these would be lowest. Rates have been adjusting downward. No one knows where rates will be in 2 yrs so stop freaking everybody out! On another note, I bet 100 bucks everything turns rosy after elections. If not, well... then who cares because we will all be in a food shortage and eating each other for dinner anyhow.
    Apr 18 04:35 am |Rating: 0 0 |Link to Comment
  • Why WaMu Must Confess  [View article]
    I work at WAMU and wanted to let you know that Freddie is buying the option arms from them. Not every one gets the same offer. I guess it probably depends on past business and relationships.
    Sep 12 03:02 am |Rating: 0 0 |Link to Comment
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