Tom Lindmark

"Pick-a-Pay" Defaults Deepen - Housing Tracker

Pick-A-Pay mortgages or Option ARMs are without a doubt the next shock for the system. In my opinion, we are probably over the hump with regard to subprime loans but are just at the starting gate for Option ARMs. If you have time visit this link- blog.metro-real-estate... an article on them as well as a couple of interesting graphs which show the timetable for Option ARMs to begin adjusting and the concentration of this product by state. You can also go to my blog which is listed above and just type in Option ARM in the search box.