Replies

To: 1010RD

This is as expected - the surge of sub-prime paper with two-year resets has largely spent itself.

Now it the time for the Alt-A and Option-ARM paper to start defaulting.

14 posted on 03/05/2009 10:50:50 PM PST by NVDave

To: NVDave

I thought that Alt-A and Option-ARM borrowers went through massive shifts into fixed rates last year, no?

16 posted on 03/05/2009 10:55:48 PM PST by 1010RD (First Do No Harm)

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