Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
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|User Info||And So It Begins - The NEXT Implosion; entered at 2008-08-06 10:17:28|
If you make minimum payments (and more than half of all borrowers with them do) you hit mandatory recast-via-LTV-cap just under 3 years with a 115-120% cap.|
125% gets you just over 3 years.
Either way, we're just about to where it starts to get nasty.