The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: MulhollandDrive who wrote (105400)	2/16/2008 3:14:17 PM
From: JBTFD	Read Replies (2) of 306849

The question I have is about these resets. I have heard the number that there will be $600 billion of ARMs that will reset in the first half of 2008. To me it seems in everyone's interest to think about negotiating resets that would not be so dramatically bad for the borrowers or to even keep the rate the same for a while longer as opposed to enforcing resets that will cause massive amounts of foreclosures. That might at least prevent a bad situation from being exacerbated.

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