Thanks for those links. Some interesting charts and graphs. It’s still taking quite some time to work through subprime. It’s unknown what will happen to those HAMP loans that are not made permanent. There are still many homes w/NODs and no foreclosure dates scheduled and even more people not paying their loans and not even receiving NODs.
In light of the kicking of the can w/the subprime loans, who knows how long before the Option ARMs will hit the market. Those may be even more costly loans and I’m sure the banks don’t want to contend w/those losses. This will be an even greater delay, imo.
