Comments on: Crash Coming? Does the Infamous Mortgage Reset Chart Matter?

By: Will stock market History Repeat? | Naked Hedge Fund

Will stock market History Repeat? | Naked Hedge Fund — Thu, 31 Dec 2009 02:30:59 +0000

[...] to mind. So with this thought of history repeating in my head I looked back at a post about the mortgage reset chart that we had and looked at that big double peak of resets. I came up with a crazy idea of [...]

By: Dave

Dave — Wed, 30 Dec 2009 17:47:34 +0000

The rich will just keep getting richer as they flip trustee sales like crazy

By: FHA loans backfiring | Naked Hedge Fund

FHA loans backfiring | Naked Hedge Fund — Fri, 06 Nov 2009 07:15:40 +0000

[...] Also to make things interesting we are in the “eye of the storm” in terms of the infamous mortgage reset chart … our article on this [...]

By: NHF

NHF — Tue, 18 Aug 2009 05:24:06 +0000

Some great info from Dr Housing Bubble on the waves impact so far:

http://www.doctorhousingbubble.com/california-housing-bottom-callers-and-the-foreclosure-clones-of-2008-notice-of-default-wave-part-two-gearing-up-for-q4-of-2009-and-2010-u-6-unemployment-and-underemployment-rate-for-california-now/

By: NHF

NHF — Wed, 12 Aug 2009 22:39:47 +0000

As an update:

Bloomberg cites Barclays Capital analysts. Here’s more:

About 40 percent of borrowers with option ARMs are already delinquent, and “many” of the others will start missing payments before their obligations change, the Barclays mortgage- bond analysts wrote in a July 24 report. Recasts of securitized option ARMs will peak at about $6 billion a month in mid-2011 and include “volumes lower than feared” overall, they said.

“The additional risk really will only be for borrowers who manage to stay current over the next couple of years and might default due to a payment shock,” the New York-based analysts including Sandeep Bordian and Jasraj Vaidya wrote.

Whitney Tilson’s hedge fund, T2 Partners LLC, in a presentation dated July 3 said option ARM recasts may peak in the second half of 2011 at more than $16 billion a month, citing Credit Suisse Group data. While the lower number from Barclays analysts suggests an earlier end to the foreclosures contributing to record home-price declines, investors and some analysts including at Barclays and JPMorgan Chase & Co. have said the U.S. government’s effort to have more bad mortgages reworked will delay some defaults.