{"id":198623,"date":"2007-10-23T21:58:00","date_gmt":"2007-10-24T02:58:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/10\/23\/mortgage-resets-will-be-getting-even-scarier\/"},"modified":"2007-10-23T21:58:00","modified_gmt":"2007-10-24T02:58:00","slug":"mortgage-resets-will-be-getting-even-scarier","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/10\/23\/mortgage-resets-will-be-getting-even-scarier\/","title":{"rendered":"Mortgage Resets Will Be Getting Even Scarier"},"content":{"rendered":"<p>Here is the chart: <img decoding=\"async\" src=\"http:\/\/img81.imageshack.us\/img81\/442\/imfresetsng3.jpg\" \/><\/p>\n<p>As the <a href=\"http:\/\/calculatedrisk.blogspot.com\/2007\/10\/imf-mortgage-reset-chart.html\">folks at calculated risk explain<\/a>, the subprime resets will be done with in a year or two, but then the Alt-A and Option ARM mortgages kick in.<\/p>\n<p>Alt-A may not be that bad, it&#8217;s basically the bottom end of prime, kind of like being slightly pregnant, but the Option ARM mortgages are a different story.  A lot of these folks are paying the minimum, which means that they are going deeper and deeper into debt as we speak.<\/p>\n<p>This will get uglier before it gets better.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here is the chart: As the folks at calculated risk explain, the subprime resets will be done with in a year or two, but then the Alt-A and Option ARM mortgages kick in. Alt-A may not be that bad, it&#8217;s basically the bottom end of prime, kind of like being slightly pregnant, but the Option &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,973,1265,1088],"tags":[],"class_list":["post-198623","post","type-post","status-publish","format-standard","hentry","category-bubble","category-economy","category-housing-crash","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198623"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=198623"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198623\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=198623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=198623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=198623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}