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  • flipper_58 flipper_58 May 22, 2004 8:00 PM Flag

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    Doing more DD on LUM. What is a "hybrid adjustable rate mortgage". This one looking more interesting. I assumed fixed rate stuff but I see they are playing the spread on adjustable mortgages which looks interesting. I assume that's why the their maturity schedule looks so short.

    What risks do you see here Barryb01?

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