adjustable rate mortgage: Adjustable Rate Mortgage Reset Schedule (GRAPH)
- 09/12/07 05:36 AM
This graph is a good indicator of what is to come (and when). It shows that subprime ARM resets will hit their peak in the next few months, while the Option ARMs, Prime ARM, and Alt-A ARM resets will peak in the next 36 months or so. The sheer numbers are staggering, especially in the subprime market: $35 billion in subprime ARMs will reset in the coming months, and I believe that these are the problem loans. I'm sure that a sizeable amount of these loans are high LTV mortgages, and in a declining market, these loans will be nearly impossible to … (19 comments)
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