ajtj99's Market Pulse

[jdaasoc]

Gizmo posted a chart showing all the balloon and adjustable rate mortgages coming due and the bulk of them are coming due by 2011.

http://www.calculatedriskblog.com/2007/10/imf-mortgage-reset-chart.html

Post 2011, the chart looked like it dropped off the table. Bank prospects are going to look very dim when the 70% of people underwater or with not enough income to qualify for refinancing are going to be begging for their personal government set asides or face the prospects of walking away and living on the streets.