Wells Sees 60-70% Loss Severity in Option-ARMs : HousingWire || financial news for the mortgage market
[http://www.housingwire.com/2009/10/09/wells-sees-60-70-loss-severity-in-option-arms/] - - public:time
In light of the projections, Wells Fargo revised its loss estimates on various credit sectors. Wells Fargo researchers expect cumulative losses on prime ARMs to range from 2% among ‘04 vintages to 6% among ‘07 vintages. Cumulative losses should range between 6% and 11% among Alt-A/B ARMs and between 11% and 36% among subprime ARMs.