| Chart
19
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| Interest rate resets for recently underwritten ARMs may not represent a systemic economic or banking risk | ||
| Pie Chart | Original balance of ARMs originated in 2004 and 2005 | Other Mortgages Outstanding |
|---|---|---|
| Mortgages Outstanding, December 31, 2005 ($ Billions) | 1,888 | 6,772 |
| Wedge of 1st pie chart | Expected net loss based on effects of interest rate resets | Expected non-loss amount |
| Original balance of ARMs originated in 2004 and 2005 ($ Billions) | 110 |
1778 |
| Source: "Mortgage Payment Resets: The Rumor and the Reality," Christopher L. Cagan, First American Real Estate Solutions, February 8, 2006, Federal Reserve
|