How the Mortgage Bubble Really Topped Out.

December 7th, 2010 The Editor Posted in fixed jumbo mortgage, option arm No Comments »

Part of the trillions in bad loans were the option ARMs(pick-a-pay) This nice FED produced map brings a lot of clarity via time series spread of complex mortgages shown in a recent Chicago Fed publication. Nothing like a good real estate crash to bring things to a halt CLICK IMAGE FOR LARGER VIEW:

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How the Mortgage Bubble Really Topped Out.

December 7th, 2010 The Editor Posted in fixed jumbo mortgage, option arm No Comments »

Part of the trillions in bad loans were the option ARMs(pick-a-pay) This nice FED produced map brings a lot of clarity via time series spread of complex mortgages shown in a recent Chicago Fed publication. Nothing like a good real estate crash to bring things to a halt CLICK IMAGE FOR LARGER VIEW:

http://chicagofed.org/webpages/publications/working_papers/2010/wp_17.cfm
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