The Foreclosure Report: ‘Unendurable Strain’ From ARM Resets

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The Automatic Earth: May 26 2009: The ugly emperor and the. –  · The report also suggests that the Obama administration exerts pressure on banks to keep them from trying to sell the properties.. of weeks or months longer. If only because of the homes that will inevitably be added, through job losses, Option-ARM and Alt-A resets and other factors, there will soon come a time when the lies must necessarily.

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The United States of Foreclosures: A Haitian Story | HuffPost –  · Alt-A loans were 27% and prime loans were 57% respectively of loans outstanding according to a Banc of america securities report. As the 2004-2007 co-horts of Alt-A option ARM mortgages have started to reset and prime borrowers have come under stress, we have started to see defaults in markets which are an order of magnitude larger than subprime.

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