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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Dan3 who wrote (87359)	8/28/2007 7:52:56 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

For the benefit of newer readers... Folks reading may be confused why some people here are claiming ARM resets are peaking in October while others claim they peak early next year. Both are correct. ARMS are broken down into borrower categories. Subprime ARM resets peak in October. Total ARM resets peak early next year. When the problems were confined to subprime it was reasonable to expect total defaults to peak 3-6 months after October. Now that the contagion has spread throughout Alt-A and even into prime, total defaults will be much higher and peak sometime mid-late next year.