GreekChat.com Forums

GreekChat.com Forums (https://greekchat.com/gcforums/index.php)
-   Careers & Employment (https://greekchat.com/gcforums/forumdisplay.php?f=192)
-   -   Value of 2nd Lien Mortgages (https://greekchat.com/gcforums/showthread.php?t=85872)

Boodleboy322 03-29-2007 09:50 PM

Value of 2nd Lien Mortgages
 
Last Month S&P put out a report on Reuters that lowered the ratings on bonds backed by 2nd Lien Mortgages. Most lenders that are smart have discontinued selling the the high CLTV 2nd Lien Mortgages because there's no demand in the market for them with investors. We've seen payment default rise and the subprime market start dying off. Some of this residual impact is bleeding over to the players in the A paper world.

A lot of the good loans still in lender's pipeline that fit the high Fico, high CLTV, and good DTI don't look half bad in terms of payment default but investors are still leery about buying. Does anyone GC see the value of the 2nds going up by next year in light of the recent propensity in the market?

http://www.reuters.com/article/bonds...21667220070220

Fraternally,

Boodleboy

Boodleboy322 11-11-2007 06:06 PM

Follow up
 
So I'm sure that a lot of people have seen all of the attention that the media put on the demise of the Subprime market. 2nd Liens aren't coming back anytime soon. Interesting note is that the initial article that was presented on this thread was from back in February.

Regards,

Boodleboy


All times are GMT -4. The time now is 09:20 PM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.