Relevant:
- State, homeowners taking on lenders
- The rate of option ARM delinquencies is already spiking
- A 10% hike to mortgage payments would sink almost 3 quarters of homeowners, Manulife says
- Jurow - "Another Housing Collapse Is Coming Soon"
- "Land mines" threaten housing recovery, could trigger surge in defaults | Mandelman Matters
2007-10-25 — onlinejournal.com
"... nearly half of homeowners with ARMs don't know how their loans will adjust, and three-quarters don't know how much their payments will increase if the loan does reset. 73 percent of homeowners with ARM's don't even know how much their monthly payment will increase the next time the rate goes up."
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