Calculated Risk has a frightening chart up (above) showing that the ARM reset storm we're entering in 2007, is only the beginning. Note the compounding resets between, ALT-A, Agency, Prime and Subprime notes, and we begin to get an even scarier picture of the damage potential if affordable rates and refinance products are available to these borrowers. This looks like one hell of a hangover to the 2002-2006 housing party.
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