To the Students from the Dec 8, 2009 Short Sale Class at Firstam Bellevue

Hi Everyone,

Here’s the follow up Q&As from class:

Here is a link to the Credit Suisse chart showing all the recasts of the Pay Option ARMs coming our way through 2012. Remember the good news here is that 46% of all Pay Option ARMs are currently in default.

Here’s a link to my favorite finance and econ blogger, CalculatedRiskBlog.com who provided the charts used in the Dec 8th powerpoint slides.  This link brings you the date and the graphs. CR Rocks!

Here’s the link to the government’s “Making Home Affordable” modification and refinance incentive plan for lenders.  I see no connection in the official press release mandating that banks who accepted TARP money “must” participate in this program. 

Merry Christmas/Happy Holidays to All!