Wednesday, December 09, 2009 8:17:53 AM
OT: Option Arm reset tsunami begins
Had a 4 month grace period between the time when sub-prime loans were being foreclosed and the onset of the option-arms...now the tsunami of option arms about to wash out financials.
http://www.doctorhousingbubble.com/option-arms-for-dummies-why-45-percent-mortgages-rates-will-do-absolutely-nothing-for-these-toxic-assets/
Had a 4 month grace period between the time when sub-prime loans were being foreclosed and the onset of the option-arms...now the tsunami of option arms about to wash out financials.
http://www.doctorhousingbubble.com/option-arms-for-dummies-why-45-percent-mortgages-rates-will-do-absolutely-nothing-for-these-toxic-assets/
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