Default Risk From Impending ARM Resets Just a Drop in the Bucket, Study Finds
February 24, 2006
While interest rates will reset on a large number of adjustable rate mortgages in the coming years, the impact of the rate reset has been overstated, according to a new study. Defaults related to resets will account for less than 1 percent of total U.S. mortgage lending annually, according to a study by First American Real Estate Solutions. …