May 19th, 2008 1:35 PM by Lehel Szucs
San Francisco Chronicle
As ARMs reset, little of the expected chaos is coming to fruition
Worries that subprime mortgages originated during the peak real estate market would sideswipe borrowers with giant monthly payment increases have been reduced by Federal Reserve rate cuts and other steps to stimulate the nation’s credit markets. In fact, some borrowers with resets occurring today are finding their monthly payments staying much the same.
MAKING SENSE OF THE STORY
To read the full story, please click here:http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/04/27/BU7P10BUDM.DTL&hw=ARMS+reset&sn=001&sc=1000