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A question to knowledgeable people.
What does a typical 2006 sub-2% “teaser rate” ARM look like? What’s the reset trajectory?
Is it true what that guy says, that those loans start to reset quickly (within 6-12 months)? If so, how long does a full reset take?
How many of those are negative-amortization loans that are not due to reset for 5 years?
