hi, Arbitrary:If like you said: the price of excess spread = price with excess spreaad- price without excess spread, then does this mean , for each tranche, it has a different price for access spread? because every single tranche has a different price.Thank you.

There are people who are new to a certain field and who is eager to learn more, I think stupitidy is with people who are too stupid to figure this out.If you know something, say something, if you don't , shut up and go away, nobody needs your stupid compliant.

<t>QuoteOriginally posted by: ArbitraryQuoteOriginally posted by: dingdingBut how to price the excess spread and what is the point of pricing it? Are there acutally investors who are investing Excess spread?You don't 'invest' in excess spread. It's either in the structure as simplified in your formu...

Does that mean OC and excess spread are the same things?

But how to price the excess spread and what is the point of pricing it? Are there acutally investors who are investing Excess spread?

Anybody knows anything about Margin Lending? does it involve any portfolio management for clients? Just got this interview with GS, curious about what they want me to know at this point.

I don't think we are talking about the same thing. I think What they are asking is on structure level.

<t>I got this really intersting interview question: how do you price Access spread? or How much is it worth? MBS is always structured in the form of Senior-subordinate - OC , but Excess spread = Total Coupon from the loans - coupon on the bonds, its actually a fixed formula, it seems like there is n...

Are there any people doing subprime mortgage structure or lending? how do you guys see the market? maybe I need a career change or something if the default is still like this.

student studying statistics, what do you guys do?

student

Have a question to David: you said :there is a good chance that you can find a substitute for any given investment holding credit risk constant, can't you do that also to stocks?Thank you for your help.Dingding

Thanks. I really really appreciate it.Dingding