Here Come the Subprime Mortgage Resets
0 Comments Published October 22nd, 2007 in Banks, Borrowers, The Fed.Housing problems are not over. I know that we would all like to think that they are, but they are not. An interesting graph from CreditSuisse via Econbrowser shows the dramatic increase in subprime resets that we are about to witness in 2008. This will further roil the housing and the financial markets. Do not listen to those who explain that this is already priced into the stock market, either – it isn’t. Not after Uncle Ben pulled his rabbit.
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