IMF: Mortgage Reset Chart

IMF: Mortgage Reset Chart

From the IMF: Assessing Risks to Global Financial Stability

Click on graph for larger image. Thischart from Credit Suisse via the IMF shows the heavy subprime resets in2008, plus it shows the reset problems with Alt-A and Option ARM loansin later years. Although many of the homeowners in the 2009 to2011 reset periods will refinance (if they can), this shows that theproblems in housing will linger for several years. What is especiallyconcerning is all these Option ARM resets in 2010 and 2011. Most ofthese homeowners are selecting the minimum payments (negativelyamortizing) and many homeowners will be upside down when the ARM resets.