“a rough estimate of the total dollar volume of first-lien loans that are scheduled to reset next year would be $1.1 trillion with an additional $300 billion set to reset the following year. Making the less conservative assumption that half of all unsecuritized mortgages are one-year ARMs (and the other half are FRMs) results in an estimate of roughly $2.2 trillion for the total dollar volume of first-lien mortgages set to reset in 2007 with an additional $200 billion scheduled to next reset in 2008."
---Sept. 20, 2006
http://www.fanniemae.com/media/pdf/berson/monthly/2006/092006.pdf;jsessionid=NKCXWMFK2JUSFJ2FECISFGA
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