Speed Dating for Mortgage Investors

NEW -> Contingent Buyer Assistance Program
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ORLANDO (Reuters) - It's not just for lonely hearts anymore. Speed-dating -- a way for busy singles to meet -- was on the event list at a distinctly unromantic venue, the Information Management Network's ABS East conference, in a bid to bring together investors and issuers still reeling from this year's U.S. subprime mortgage meltdown...Investors were offered the chance to meet one-on-one with issuers of mortgage asset-backed securities, collateralized debt obligations and non-mortgage ABS on Tuesday. Six investors and issuers spent 10 minutes in pairs of two hoping to make a connection before moving on to their next potential match.
 
I can hear it now:

Issuer: I have $100 Million of AAA SDOs primarily based in Cali and Florida. I'm looking for 83 cents on the dollar.

Investor: I made my money in Toxic Waste Disposal, I love this new venture. How's 11 cents sound?

ding round 2

Issuer: I have $100 Million of AAA SDOs primarily based in Cali and Florida. I'm looking for 73 cents on the dollar.

Investor 2: I made my money in Meat By-products, I love being a white knight. How's 13 cents sound?

ding round 3

Issuer: I have $100 Million of AAA SDOs primarily based in Cali and Florida. I need to dump this ho, will you give me 63 cents?

Investor 3: Funny you should mention pimping, I'm from Vegas...
 
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