i’m assuming like many big players that Countrywide sold their loans bundled and staggered(?)
Countrywide was keeping around 40% of their own paper, selling the rest. I doubt that they bundled the loans themselves. That often was done by Wall Street firms that would buy the mortgages and create CMOs and their derivatives, which have proven to be a form of high-explosive.
Is that an answer to my question? If it is, thank you, but the meaning escapes me. I suppose the term "bundled" is obvious enough, but "staggered" finds little place in context for me. As I've already stated, I'm not a finance guy at all.
C-Wide did not write my note, they bought it. I borrowed from PRMI, then soon got notification that my loan had been purchased by Countrywide. If your question was aimed at me ... does that answer it? 'Cause, I dunno for anything further.
I do not need to understand "bundled and staggered", I just asked "Should I worry?". Nevertheless, in a thread full of people sharing their massive financial savvy ... who must obviously know whether or not I should worry ... you are the only one who even stooped to acknowledge my existence, so thank you.