Below is the update posted by the Journal about the option-arm MBS, which are back in favor. The blogosphere had declared the option-arm recasts as the final death blow to the mortgage crisis, figuring that once the new and much-higher payments kicked in, foreclosures...
From bloomberg.com: This was the year thousands of U.S. homeowners with option adjustable-rate mortgages were supposed to default as their payments spiked. Low interest rates and a surge of early delinquencies mean the numbers probably won’t be as bad as forecast,...
From our friends at the W-S-J: The struggling housing market appears as if it will sustain less damage than expected this year from a spike in the monthly payments on hundreds of thousands of exotic adjustable-rate mortgages. The number of such loans scheduled to...
Our old friend Zach Fox has moved on to more illustrious things than the NC Times, he now works for a big-time financial publication back east. But he hasn't forgotten us little guys, especially the data geeks: Jim, We’re finally sending out some free links as we...
