MBS ALERT: Reprices Looming

By: • Wed, Jan 28 2009, 1:40 PM

Up, Down, Right , Down....no that is not the Contra cheat code its how the stack has performed so far today...

Fn 4.0-> -0-09 to 100-04

Fn 4.5-> -0-06 to 101-12 Gn 4.5-> -0-10 to 101-11

Fn 5.0-> -0-08 to 102-02 Gn 5.0-> -0-11 to 102-07

Fn 5.5-> -0-03 to 102-22 Gn 5.5-> -0-04 to 102-24

Fn 6.0-> -0-04 to 103-08 Gn 6.0-> -0-08 to 103-01

Lenders have reason to reprice for the worse after this sell off...