neg am ooption arm resets

[patb]

look we all have seen that chart on where the neg ams are going to
start resetting inapril 09, but i hate to ask an ugly question but what
happens when these houses are underwater, do the resets come early?

given probably 25% of all mortgages are underwater, shouldnt the banks
be working to accelerate resets now?

[jpinpb]

That’s a really good question. It seems the banks aren’t keeping up w/NODs and foreclosures, so who knows if they’ll tackle accelerating the resets.

[jpinpb]

That’s a really good question. It seems the banks aren’t keeping up w/NODs and foreclosures, so who knows if they’ll tackle accelerating the resets.

[jpinpb]

That’s a really good question. It seems the banks aren’t keeping up w/NODs and foreclosures, so who knows if they’ll tackle accelerating the resets.

[jpinpb]

That’s a really good question. It seems the banks aren’t keeping up w/NODs and foreclosures, so who knows if they’ll tackle accelerating the resets.

[jpinpb]

That’s a really good question. It seems the banks aren’t keeping up w/NODs and foreclosures, so who knows if they’ll tackle accelerating the resets.

[bearnanke]

I’ve been told that the standard terms on option ARMS is that after the loan reaches 115% or 120% of the original loan amount that the loan “resets” and becomes essentially “fixed-rate” product, with payments to pay off the loan (ex: 120%) in the remainder of the 30 years.

I have yet to see the chart/data showing when, assuming most paid the minimum, the 115-120% resets hit as it will be sooner for these people than what the loan terms state if people were not paying the min.

(Bearnanke – since 2005, took me a while to be correct!)

[bearnanke]

I’ve been told that the standard terms on option ARMS is that after the loan reaches 115% or 120% of the original loan amount that the loan “resets” and becomes essentially “fixed-rate” product, with payments to pay off the loan (ex: 120%) in the remainder of the 30 years.

I have yet to see the chart/data showing when, assuming most paid the minimum, the 115-120% resets hit as it will be sooner for these people than what the loan terms state if people were not paying the min.

(Bearnanke – since 2005, took me a while to be correct!)

[bearnanke]

I’ve been told that the standard terms on option ARMS is that after the loan reaches 115% or 120% of the original loan amount that the loan “resets” and becomes essentially “fixed-rate” product, with payments to pay off the loan (ex: 120%) in the remainder of the 30 years.

I have yet to see the chart/data showing when, assuming most paid the minimum, the 115-120% resets hit as it will be sooner for these people than what the loan terms state if people were not paying the min.

(Bearnanke – since 2005, took me a while to be correct!)

[bearnanke]

I’ve been told that the standard terms on option ARMS is that after the loan reaches 115% or 120% of the original loan amount that the loan “resets” and becomes essentially “fixed-rate” product, with payments to pay off the loan (ex: 120%) in the remainder of the 30 years.

I have yet to see the chart/data showing when, assuming most paid the minimum, the 115-120% resets hit as it will be sooner for these people than what the loan terms state if people were not paying the min.

(Bearnanke – since 2005, took me a while to be correct!)

[bearnanke]

I’ve been told that the standard terms on option ARMS is that after the loan reaches 115% or 120% of the original loan amount that the loan “resets” and becomes essentially “fixed-rate” product, with payments to pay off the loan (ex: 120%) in the remainder of the 30 years.

I have yet to see the chart/data showing when, assuming most paid the minimum, the 115-120% resets hit as it will be sooner for these people than what the loan terms state if people were not paying the min.

(Bearnanke – since 2005, took me a while to be correct!)

[jpinpb]

(Bearnanke – since 2005, took me a while to be correct!)

I’m in competition w/5 yr waiting. You’re not the only one. I was surprised the crazy incline in prices lasted as long as it did.

[jpinpb]

(Bearnanke – since 2005, took me a while to be correct!)

I’m in competition w/5 yr waiting. You’re not the only one. I was surprised the crazy incline in prices lasted as long as it did.

[jpinpb]

(Bearnanke – since 2005, took me a while to be correct!)

I’m in competition w/5 yr waiting. You’re not the only one. I was surprised the crazy incline in prices lasted as long as it did.

[jpinpb]

(Bearnanke – since 2005, took me a while to be correct!)

I’m in competition w/5 yr waiting. You’re not the only one. I was surprised the crazy incline in prices lasted as long as it did.

[Author]

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