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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (23056)	9/25/2007 7:44:30 PM
From: Snowshoe	Read Replies (3) \| Respond to of 217910

We just hit the peak of "ARM resets" for this housing cycle. I suppose you could see more bankruptcy pulses as bunches of these folks go under, while the overall trend declines... Housing Slump Could 'Reset' Itself Again Message 23910632 Homeowners owing $31.8 billion in subprime adjustable-rate mortgages began paying higher interest rates this month, according to Moody's Economy.com. That is the highest amount of subprime ARMs due to reset over a one-month period in this housing cycle. By December, resetting subprime ARMs are forecast to drop to $25.2 billion. By the end of 2008, they will have fallen to $3.6 billion, because lenders have largely stopped making such loans to borrowers with spotty credit histories