Menu

Home › Forums › Housing › ARMs Reset Crisis Revisited

Viewing 15 posts - 1 through 15 (of 51 total)
1 2 3 4
  • Author
    Posts
  • May 1, 2009 at 11:25 AM #15585
    4plexowner
    Participant

    http://globaleconomicanalysis.blogspot.com/2009/05/arms-reset-crisis-revisited.html

    The problem with Pay Option Arms is over 80% of POA mortgagees only make the minimum payment.

    The second problem in regards to POAs is that a huge portion of these loans originated if the least affordable, biggest bubble areas, like Florida, California, Las Vegas, etc.

    ticking time bomb of Pay Option Arms (which is still a huge problem, especially for California)

    ~

    This is Mish’s latest take on the ARM reset issue – follow the link to see his comments on the Credit Suisse ARM reset chart

    May 1, 2009 at 11:52 AM #391125
    Rt.66
    Participant

    The Gov. just announced a solution called:

    PFCHAPDASS (PF Changs Housing Assistance Program Destructive ARM Soup Special)

    The new Temecula Changs has been doing so well they are going to chip in with a program refered to in-house as: AAARP (Appetizer ARM Assitance Rescue Program). A portion of every appetizer or bowl of soup purchased at the booming Temecula local will go to helping bridge the gap for people who planned on flipping at this juncture and are caught off gaurd at the prospect of actually paying the grossly inflated price they signed on for after the realtor, GW Bush and A. Greenspan assured them it was a good time to buy.

    May 1, 2009 at 11:52 AM #391791
    Rt.66
    Participant

    The Gov. just announced a solution called:

    PFCHAPDASS (PF Changs Housing Assistance Program Destructive ARM Soup Special)

    The new Temecula Changs has been doing so well they are going to chip in with a program refered to in-house as: AAARP (Appetizer ARM Assitance Rescue Program). A portion of every appetizer or bowl of soup purchased at the booming Temecula local will go to helping bridge the gap for people who planned on flipping at this juncture and are caught off gaurd at the prospect of actually paying the grossly inflated price they signed on for after the realtor, GW Bush and A. Greenspan assured them it was a good time to buy.

    May 1, 2009 at 11:52 AM #391650
    Rt.66
    Participant

    The Gov. just announced a solution called:

    PFCHAPDASS (PF Changs Housing Assistance Program Destructive ARM Soup Special)

    The new Temecula Changs has been doing so well they are going to chip in with a program refered to in-house as: AAARP (Appetizer ARM Assitance Rescue Program). A portion of every appetizer or bowl of soup purchased at the booming Temecula local will go to helping bridge the gap for people who planned on flipping at this juncture and are caught off gaurd at the prospect of actually paying the grossly inflated price they signed on for after the realtor, GW Bush and A. Greenspan assured them it was a good time to buy.

    May 1, 2009 at 11:52 AM #391597
    Rt.66
    Participant

    The Gov. just announced a solution called:

    PFCHAPDASS (PF Changs Housing Assistance Program Destructive ARM Soup Special)

    The new Temecula Changs has been doing so well they are going to chip in with a program refered to in-house as: AAARP (Appetizer ARM Assitance Rescue Program). A portion of every appetizer or bowl of soup purchased at the booming Temecula local will go to helping bridge the gap for people who planned on flipping at this juncture and are caught off gaurd at the prospect of actually paying the grossly inflated price they signed on for after the realtor, GW Bush and A. Greenspan assured them it was a good time to buy.

    May 1, 2009 at 11:52 AM #391388
    Rt.66
    Participant

    The Gov. just announced a solution called:

    PFCHAPDASS (PF Changs Housing Assistance Program Destructive ARM Soup Special)

    The new Temecula Changs has been doing so well they are going to chip in with a program refered to in-house as: AAARP (Appetizer ARM Assitance Rescue Program). A portion of every appetizer or bowl of soup purchased at the booming Temecula local will go to helping bridge the gap for people who planned on flipping at this juncture and are caught off gaurd at the prospect of actually paying the grossly inflated price they signed on for after the realtor, GW Bush and A. Greenspan assured them it was a good time to buy.

    May 1, 2009 at 12:20 PM #391670
    (former)FormerSanDiegan
    Participant

    Mish’s article is consistent with what I have been saying for the past year and a half.

    Option ARMs are toast, but all the other traditional ARMS, alt-A’s, and IOs are not as big a deal because the rate recasts are based on currently low interest rates.

    http://piggington.com/why_borrowers_may_not_benefit_from_rate_cut

    http://piggington.com/is_it_alt_a_turn

    May 1, 2009 at 12:20 PM #391810
    (former)FormerSanDiegan
    Participant

    Mish’s article is consistent with what I have been saying for the past year and a half.

    Option ARMs are toast, but all the other traditional ARMS, alt-A’s, and IOs are not as big a deal because the rate recasts are based on currently low interest rates.

    http://piggington.com/why_borrowers_may_not_benefit_from_rate_cut

    http://piggington.com/is_it_alt_a_turn

    May 1, 2009 at 12:20 PM #391617
    (former)FormerSanDiegan
    Participant

    Mish’s article is consistent with what I have been saying for the past year and a half.

    Option ARMs are toast, but all the other traditional ARMS, alt-A’s, and IOs are not as big a deal because the rate recasts are based on currently low interest rates.

    http://piggington.com/why_borrowers_may_not_benefit_from_rate_cut

    http://piggington.com/is_it_alt_a_turn

    May 1, 2009 at 12:20 PM #391408
    (former)FormerSanDiegan
    Participant

    Mish’s article is consistent with what I have been saying for the past year and a half.

    Option ARMs are toast, but all the other traditional ARMS, alt-A’s, and IOs are not as big a deal because the rate recasts are based on currently low interest rates.

    http://piggington.com/why_borrowers_may_not_benefit_from_rate_cut

    http://piggington.com/is_it_alt_a_turn

    May 1, 2009 at 12:20 PM #391145
    (former)FormerSanDiegan
    Participant

    Mish’s article is consistent with what I have been saying for the past year and a half.

    Option ARMs are toast, but all the other traditional ARMS, alt-A’s, and IOs are not as big a deal because the rate recasts are based on currently low interest rates.

    http://piggington.com/why_borrowers_may_not_benefit_from_rate_cut

    http://piggington.com/is_it_alt_a_turn

    May 1, 2009 at 12:22 PM #391413
    jpinpb
    Participant

    [quote=Rt.66]The Gov. just announced a solution called:

    PFCHAPDASS (PF Changs Housing Assistance Program Destructive ARM Soup Special)

    The new Temecula Changs has been doing so well they are going to chip in with a program refered to in-house as: AAARP (Appetizer ARM Assitance Rescue Program). A portion of every appetizer or bowl of soup purchased at the booming Temecula local will go to helping bridge the gap for people who planned on flipping at this juncture and are caught off gaurd at the prospect of actually paying the grossly inflated price they signed on for after the realtor, GW Bush and A. Greenspan assured them it was a good time to buy.

    [/quote]

    LOL. I’m laughing so much I’m crying.

    May 1, 2009 at 12:22 PM #391815
    jpinpb
    Participant

    [quote=Rt.66]The Gov. just announced a solution called:

    PFCHAPDASS (PF Changs Housing Assistance Program Destructive ARM Soup Special)

    The new Temecula Changs has been doing so well they are going to chip in with a program refered to in-house as: AAARP (Appetizer ARM Assitance Rescue Program). A portion of every appetizer or bowl of soup purchased at the booming Temecula local will go to helping bridge the gap for people who planned on flipping at this juncture and are caught off gaurd at the prospect of actually paying the grossly inflated price they signed on for after the realtor, GW Bush and A. Greenspan assured them it was a good time to buy.

    [/quote]

    LOL. I’m laughing so much I’m crying.

    May 1, 2009 at 12:22 PM #391150
    jpinpb
    Participant

    [quote=Rt.66]The Gov. just announced a solution called:

    PFCHAPDASS (PF Changs Housing Assistance Program Destructive ARM Soup Special)

    The new Temecula Changs has been doing so well they are going to chip in with a program refered to in-house as: AAARP (Appetizer ARM Assitance Rescue Program). A portion of every appetizer or bowl of soup purchased at the booming Temecula local will go to helping bridge the gap for people who planned on flipping at this juncture and are caught off gaurd at the prospect of actually paying the grossly inflated price they signed on for after the realtor, GW Bush and A. Greenspan assured them it was a good time to buy.

    [/quote]

    LOL. I’m laughing so much I’m crying.

    May 1, 2009 at 12:22 PM #391675
    jpinpb
    Participant

    [quote=Rt.66]The Gov. just announced a solution called:

    PFCHAPDASS (PF Changs Housing Assistance Program Destructive ARM Soup Special)

    The new Temecula Changs has been doing so well they are going to chip in with a program refered to in-house as: AAARP (Appetizer ARM Assitance Rescue Program). A portion of every appetizer or bowl of soup purchased at the booming Temecula local will go to helping bridge the gap for people who planned on flipping at this juncture and are caught off gaurd at the prospect of actually paying the grossly inflated price they signed on for after the realtor, GW Bush and A. Greenspan assured them it was a good time to buy.

    [/quote]

    LOL. I’m laughing so much I’m crying.

  • Author
    Posts
Viewing 15 posts - 1 through 15 (of 51 total)
1 2 3 4
  • You must be logged in to reply to this topic.