Mortgage Refinancings- Are we there yet?
30. March 2009 by Dan Walkow, CFA, CMT.
According to Fund Manager, John Hussman, the majority of resets are still ahead. Moreover, the mortgages to which these resets will apply are primarily those originated late in the housing bubble, at the highest prices, and therefore having the largest probable loss.
Read more On the Urgency of Restructuring Bank and Mortgage Debt,
and of Abandoning Toxic Asset Purchases with John Hussman.