Of the $189 billion securitized Option ARM loans outstanding, 88% have yet to experience a recast event … Of these loans that have not yet recast, 94% have utilized the minimum monthly payment to allow their loans to negatively amortize.
“
| — |
Some Fitch Analysts, quoted in Calculated Risk: Fitch on Option ARM Recasts Warning, current recession may have an evil twin hiding just out of sight. |
-
tiffehr liked this
-
quotingthecrisis reblogged this from crazynutjob
-
wiesen reblogged this from mattlehrer
-
pdl2h reblogged this from mattlehrer
-
mattlehrer reblogged this from crazynutjob
-
boutofcontext liked this
-
crazynutjob posted this
