Thanks for the link, poway. I had no idea that 20% of mortgages havewould reset over a 20-month period beginning in March 2006. I was thinking that 5% resetting every year would be a lot. 20% over 20 months is a huuuuge number. This should certainly hasten housing price declines.
Of the mortgages that reset in 2006, is there any way to know how many resets led to a default?
