SBWire.com - "$2 Trillion ARM Adjustments Trigger Foreclosures for Many Homeowners" (9-15-06)

"With the economy moving strongly forward, inflation is on the rise – which also means that home loan rates are on the rise. And over $2 trillion dollars in Adjustable Rate Mortgage (ARM) loans are set to start adjusting in the next two years, facing higher interest rates, and dramatic monthly payment increases."

"Most consumers are unaware of the fact that their rate and their payments are getting ready to increase dramatically. And unfortunately, there are also cases where the consumer may be unaware that they even have an ARM, let alone that it is getting ready to adjust very soon. Many economists are concerned that when the payments start to increase, it will have a massive impact on consumer spending…which in turn, will impact the US economy as a whole."