Posted by Walt on December 16, 2009 at 16:54:48:
Most people are staying away from them right now due to the MBS crisis. That being said, we all know that when things are down, that is a good time to get deals. As far as the numbers you just quoted, someone is feeding you total nonsense. Even is this down climate, if a CMO pays you back in 12-15 years, you are lucky. Be sure you know how to read the screenshot and how to verify the CMO with DTC. If you would like to talk, I will be glad to give you some pointers on how to analyze them.
Walt
972-222-7206