Relevant:
- Option ARM Time Bomb About To Explode
- LIBOR Spike Not Only Hurts Suprime…Pay Options, Jumbo Prime, Alt-A Too
- Countrywide (promises to) to aid more borrowers
- Countrywide's New Scare - 'Option ARM' Delinquencies Bleed Into Profitable Prime Mortgages
- Straight Talk on the Mortgage Mess from an Insider
2007-10-31 — wallstreetexaminer.com
"..,it is my feeling that the earlier vintages such as 2005 will soon be subject to recasts to regular amortization at the non teaser indexed rate (typically Libor plus 2.5% for prime borrowers or about 8% today). My Winterism for this event is ARM neutron bomb, as I intend to emphasis it."
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