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Post# of 148479
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gloe

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gloe

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Re: Gizmo post# 146757

Saturday, 05/09/2009 4:53:56 PM

Saturday, May 09, 2009 4:53:56 PM

Post# of 148479
"Looking at these charts it would be easy to conclude that the recast problem last through 2012. However there is a difference between the original recast date, and the actual recast date - because negatively amortizing loans hit the recast ceiling earlier than the original forecast. I suspect the peak in recasts for Option ARMs will be in 2010."

http://www.calculatedriskblog.com/2009/05/loan-reset-recast-schedule.html

There never was a moment, and never will be, when we are without the power to alter our destiny. This second, we can turn the tables on Resistance. This second, we can sit down and do our work.

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