If everybody had an ARM loan,
Across the USA!
The teaser rates would be adjustin,
just like Californ-I-A!
Try not strangle your realtor,
"Home values never go down"!
Between 2004 and 2006 over $2.2 trillion in adjustable loans were issued to homebuyers.
A tidal wave of foreclosures is on the way.
1.1 Million Americans to lose their homes.
Total potential loss of over US$112 billion.
Oh yes, America! Plenty of "tasty waves" for everyone!