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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: CalculatedRisk who wrote (93931)11/6/2007 11:24:06 AM
From: Think4YourselfRead Replies (3) of 306849
 
That chart is interesting. As I am comparing the two for changes a question arises. How do they calculate the value of the resets out in the future? Is it the original mortgage amount or the expected mortgage amount? If it is the expected mortgage amount, how do they figure it out, especially for the Option ARM's?

The level of Option ARM resets in 2010 and 2011 is very disturbing. It was nowhere near as high in the earlier chart. Suggests financial industry's solution to subprime crisis is to push it out a few years and make it an even bigger crisis. How many of those people entered into their mortgages as "renters"?

I have been thinking that the biggest wave of defaults was about to hit from October's resets but this new data suggests we will get hit again hard in a few years right when everyone thinks the markets have recovered.
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