YTM

[alimoyni]

Is there a general guideline for what yield to maturity(YTM) you feel is a minimum you should accept for each type of note?

Current, never late note with < 12 payments left
Current note but has had a few in grace period payments over the loan's past
Currently in grace period
etc

Do you focus more on drops in FICO scores, or other factors to determine what yield is worth the risk?

OR  is the discount/markup more important of a factor than YTM?

Still trying to figure out the Foliofn side of LC

Thanks