Weak home prices, not rate resets, drive defaults

Story date: 2007-10-11 09:23:00
Added on: 2007-10-11 11:00:29

Reuters - With hundreds of billions of dollars of adjustable-rate mortgages, or ARMs, having reset so far in 2007 and almost a trillion dollars expected to adjust to a higher interest rate by the end of 2008, many analysts have pointed to this as the main ...


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