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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: John McCarthy who wrote (76827)	3/27/2008 2:01:31 PM
From: Dan3	Read Replies (1) of 116555

Re: number of ARM resets amounts to only 3.3 million loans Please Re-Read the article you posted. The number you highlighted was only out of the sample, not out of all loans. The article only considered 5 million out of a sample of 50 million and 3.3 million of the 5 million are resetting. Meanwhile there are 45 million other (1st?) mortgages out there, a large number of which are ARMs, and there was no consideration given to 2nd mortgages.

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