Coming mortgage pain
Calculated Risk This chart shows the expected payment shock coming in 2010 and 2011 from Option ARMs. This chart includes projected increases in LIBOR (if LIBOR stays low, the shock will not be as high), and the recast due to…
"A republic, if you can keep it." Defeat MAGA
"A republic, if you can keep it." Defeat MAGA
Calculated Risk This chart shows the expected payment shock coming in 2010 and 2011 from Option ARMs. This chart includes projected increases in LIBOR (if LIBOR stays low, the shock will not be as high), and the recast due to…
The vast bulk of mortgage resets lie ahead of, not behind us. This reset profile is of great concern, because the majority of resets are still ahead. Moreover, the mortgages to which these resets will apply are primarily those originated…