Speed Dating for Mortgage Investors

[profette_IHB]

<p>ORLANDO (<a href="http://news.yahoo.com/s/nm/20071107/bs_nm/abs_speeddating_dc;_ylt=AqlpagMldb1aHxFfz6UUh2Zv24cA">Reuters</a>) - It's not just for lonely hearts anymore. Speed-dating -- a way for busy singles to meet -- was on the event list at a distinctly unromantic venue, the Information Management Network's ABS East conference, in a bid to bring together investors and issuers still reeling from this year's U.S. subprime mortgage meltdown...Investors were offered the chance to meet one-on-one with issuers of mortgage asset-backed securities, collateralized debt obligations and non-mortgage ABS on Tuesday. Six investors and issuers spent 10 minutes in pairs of two hoping to make a connection before moving on to their next potential match.</p>

 

[caycifish_IHB]

Awe...how sweet.

 

[No_Such_Reality_IHB]

<p>I can hear it now:</p>

<p>Issuer: I have $100 Million of AAA SDOs primarily based in Cali and Florida. I'm looking for 83 cents on the dollar.</p>

<p>Investor: I made my money in Toxic Waste Disposal, I love this new venture. How's 11 cents sound?</p>

<p>ding round 2</p>

<p>Issuer: I have $100 Million of AAA SDOs primarily based in Cali and Florida. I'm looking for 73 cents on the dollar.</p>

<p>Investor 2: I made my money in Meat By-products, I love being a white knight. How's 13 cents sound?</p>

<p>ding round 3</p>

<p>Issuer: I have $100 Million of AAA SDOs primarily based in Cali and Florida. I need to dump this ho, will you give me 63 cents?</p>

<p>Investor 3: Funny you should mention pimping, I'm from Vegas...</p>

 

[biscuitninja_IHB]

<p>^^ :lol: Nice.... I'm sure they will be SDO's, but as to what rating they will "give" them... that is questionable.</p>

<p>-bix</p>