Comments BD, jms, etc.$704M at 1 month LIBOR + 27-30 bps.http://biz.yahoo.com/rc/020612/financial_impac_assetbackeds_1.htmlFYI,i2i
you notice a few othewr tranches at wider spreads.....its actually 745mm in total sold at an average cost of LIBOR + 37bps ..........they probably originated these loans at LIBOR + 175-200bps ........thus its money over the transom on the spread differential and if LIBOR goes up or down they make the same.........sweet !
Thanks for your quick comments.Also Bought some AHR right here and now at 12.52, I think this is to good an opportunity to pass up. After dividend announcement this one will be back above 13.00. Look at FB today announces same $1.25 divie and up big.i2i