For reference, here are a couple of ARM reset charts.



Here is a chart from BofA analyst Robert Lacoursiere via Mathew Padilla at the O.C. Register. Please see Mathew's discussion from June 29th: BofA Analyst: Mortgage correction just 'tip of the iceberg'.



This fits with Tanta's post this morning on Subprime Borrower Refi Options.







Another chart, from March, is from Ivy Zelman at Credit Suisse (Zelman has since left CS). The March Credit Suisse report, Mortgage Liquidity du Jour: Underestimated No More is available at Bill Cara's site (see page 47 for reset chart).