[quote=pri_dk]I wonder how many of those pending resets still exist? Some portion of the second “peak” in the Credit Suisse chart has surely been eroded by now.
If anyone is still holding an ARM these days, they can just ask the lender for a modification to a fixed-rate and they have a good chance at getting it.
It would be interesting to see updated chart, if anyone has made one.
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pri-dk — That is exactly what I wonder too. Many people don’t wait for their resets to bail if they are way underwater.
One exception could be the option ARMs, because they have such low min pmts that maybe people would stay til the bitter end.
Another thing about this chart: I suspect that SD’s version would be shifted to the left… SD was ahead of the curve in all aspects of the housing bubble.
