Hat tip to yourkillingmelarry for pointing out this article in BusinessWeek: The next wave of foreclosures is expected to gather strength when the million or so option ARMs start resetting in large numbers next spring. But it seems that many of these loans, which allow borrowers to make minimum payments that don’t even cover the accrued interest, are already going delinquent. According to a recent analysis by Lehman Brothers, option ARMs that originated in 2006 performed about as well as fixe

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