Jun 01

Option ARM Defaults Looming On the Horizon, Part 2

Posted by Kristjan Velbri | Posted in General | Posted on 01-06-2009

In the previous post, Option ARM Defaults Looming On the Horizon, I gave a summarized overview of why the mortgage market will witness another crash, even more powerful than the previous (subprime) one. As I was going through my RSS Reader, I found Mike Shedlock’s post on the same topic. He has posted more charts that help you understand the severity of the situation that the US mortgage market is in right now.
Here are some of the charts from his post (for full story and more charts, go to Mike Shedlock’s blog). I thought I’d restrain from giving comments myself this time, as I already wrote about the upcoming foreclosures in the previous post. Besides, Mike did a real good job at interpreting these new charts.

Subprime Resets

Subprime Resets

Alt-A Mortgage Resets

Alt-A Mortgage Resets

Option ARM Delinquencies

Option ARM Delinquencies

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