Note that the size of the Alt-A Resets are about the same rough order of magnitude as the Sub-Primes, except they are deferred by nearly a couple of years, based on a cursory glance of the above chart.
With the Fed Funds Rate dropped to nearly zero now, will the Feds have enough Balance Sheet to even absorb half of these future Alt-A problems?
2 comments:
Just a quick thought - with the Feds Fund Rate at 0 to 0.25%, these mortgage resets would most likely result in LOWER mortgage payments, which is probably what the Feds intended. Had they not lowered the rate, it is quite possible that we would have another sub-prime crisis when these mortgages reset.
I’m Charles David by name, i want to use this medium to alert all loan seekers to be very careful because there are scam everywhere, Few months ago I was financially strained, and due to my desperation I was scammed by several online lenders. I had almost lost hope until a friend of mine referred me to a very reliable lender called Dr Purva Pius ( A God fearing man) who lend me a loan of $237,000 under 72 working hours without any stress. I explain to the company by mail and all they told me was to cry no more because i will get my loan from this company and also i have made the right choice of contacting them i filled the loan application form and proceeded with all that was requested of me and to my shock I was given the loan, If you are in need of any kind of loan just contact him now via: {urgentloan22@gmail.com}
I‘m using this medium to alert all loan seekers because of the hell I passed through in the hands of those fraudulent lenders.
Thanks you Dr Purva Pius Loan service for your help.
Post a Comment