TITLE

Adjustable-rate loan holders need to develop exit strategy

PUB. DATE
November 2006
SOURCE
Journal of Business (10756124);11/22/2006, Vol. 21 Issue 24, pB12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on issues concerning adjustable rate mortgages (ARMs) in the U.S. According to Deutsche Bank Global Market Research, resettable debt is expected to double in 2005, 2006, and 2007. Meanwhile, Mortgage Bankers Association said that delinquency rate for ARMs increased 0.51 percent in the second quarter of 2006. Information on the ARMs adjustment period, introductory rate of loans, interest caps, and restrictions on prepayment and conversion is also addressed.
ACCESSION #
23341494

 

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