Speed Dating for Mortgage Investors
Posted: 07 November 2007 06:24 AM   [ Ignore ]
Starter Home
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ORLANDO (Reuters) - 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.

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Posted: 07 November 2007 06:54 AM   [ Ignore ]   [ # 1 ]
McMansion
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Awe…how sweet.

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Posted: 07 November 2007 08:54 AM   [ Ignore ]   [ # 2 ]
McMansion
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I can hear it now:
Issuer: I have $100 Million of AAA SDOs primarily based in Cali and Florida.  I’m looking for 83 cents on the dollar.
Investor:  I made my money in Toxic Waste Disposal, I love this new venture. How’s 11 cents sound?
ding round 2
Issuer: I have $100 Million of AAA SDOs primarily based in Cali and Florida.  I’m looking for 73 cents on the dollar.
Investor 2:  I made my money in Meat By-products, I love being a white knight. How’s 13 cents sound?
ding round 3
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?
Investor 3: Funny you should mention pimping, I’m from Vegas…

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Thanks! Thankful People: jwbrown77
Posted: 07 November 2007 09:27 AM   [ Ignore ]   [ # 3 ]
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^^  LOL  Nice…. I’m sure they will be SDO’s, but as to what rating they will "give" them… that is questionable.
-bix

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