Will buy Tripple A AAA rated bonds backed by prime home loans...

Discussion in 'Trading' started by ASusilovic, Aug 21, 2007.

  1. I read on BLOOMBERG.COM :

    Wall Street is in a ``financial panic'' and won't fund any mortgage bonds, even AAA rated bonds backed by prime home loans, said Garrett Thornburg, chief executive officer of Thornburg, which makes loans of more than $417,000 to people with good credit. The mortgages are known as jumbo loans because they exceed the limit on what Freddie Mac and Fannie Mae can purchase.

    As I love PANIC I am going to call Thornburg Mortgage today in order to see where I can buy some of these jumbo mortgage backed bonds...Really a pitty that I have not a couple of Billions like Warren Buffet at hand...

    Mortgage debtors who are able to apply for loans $ 417.000 or more are not the kind of people going broke tomorrow or the day after tomorrow...:D :D :D
  2. See, this is just the thing. Under the lax lending requirements of the last few years, just about anyone could get the jumbo loan. Don't be so sure of yourself, mate.
  3. Hey, Ivanovich, what about refinancing with you ? I will sell you some sliced portions of my bonds....:D