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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (44870)11/6/2005 2:48:07 PM
From: Ramsey Su  Respond to of 110194
 
The mother of all resets are, as expected, the subprime loans.

The 2/28 is probably the most popular subprime program. For the first 2 yrs, the subprime rate was not that much different from a prime program. After the first 2 years, the reset is usually one monstrous hike.

So far, this might not have been a problem since they can keep churning with appreciating real estate value, so the 2 of the 2/28 can start over and over. When that option stops, look out.


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