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Total Posts: 21
Joined: Sep 2017
Posted: 2017-09-14 18:16
Saw a recent paper from the fed pushing these as a better mortgage product vs. the 30 yr fixed ...
Is anyone originating or trading these things?
It's an intriguing idea for several reasons, not the least of which is that it contains some nasty embedded options and has the potential the blow the f*ck up on a bunch of unsuspecting retail borrowers ...
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