Ive had enough

Mortgage Resets: Subprime May Be Ending, Option ARMs Have Just Begun

Ok listen.

Look at the MTA or COFI index. These are very low. Besides Libor, these would be lowest. Rates have been adjusting downward. No one knows where rates will be in 2 yrs so stop freaking everybody out! On another note, I bet 100 bucks everything turns rosy after elections. If not, well... then who cares because we will all be in a food shortage and eating each other for dinner anyhow.

Why WaMu Must Confess

I work at WAMU and wanted to let you know that Freddie is buying the option arms from them. Not every one gets the same offer. I guess it probably depends on past business and relationships.