Just in case you think we’ve seen the worst of mortgages being reset at higher rates, check out this chart, cited by the International Monetary Fund in its October 2007 Global Financial Stability Report (GFSR). After a trough in the pace of resets next year, resets shoot up again in 2010 and 2011. And the volume of [...]
Filed under: Finance, Miscellaneous | Tagged: Alt-A, Global Financial Stability Report, IMF, mortgages, option ARM, reset | Leave a Comment »
