What's your guess market will do until 2010? Looking at that chart, the adjustable rate is bigger than subprime. If Benny can't keep inflation and mortgage rates down along with high unemployment, we'll see a bigger bomb coming yet. Fricking scary.
"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."
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