by Calculated Risk on 9/26/2007 10:26:00 AM
Wednesday, September 26, 2007
ARM Pain: Updated BofA Reset Chart
Mathew Padilla at the O.C. Register has an updated ARM reset chart from Bank of America analyst Robert Lacoursiere.
Click on graph for larger image.
See Mathew's blog for more discussion and a comparison to the previous chart.
Some readers have noted that the BofA numbers are higher than the Credit Suisse and UBS reset numbers. CS and UBS are apparently only looking at securitized loans, and BofA includes unsecuritized loans.
Also, CS and UBS apparently only include the first reset when the loan goes from "fixed to floating". Perhaps BofA includes subsequent resets too, double counting some loans.