$120 billion in adjustable rate mortgages are scheduled to reset (their payments) at higher interest rates in the next three months. Subprime, adjustable rate loans make up about $90 billion of that.
NY Times
John Hope Bryant and Mayor Paul Young Fill Cossitt Library for a Capitalism for All Conversation in Memphis
On November 9, John Hope Bryant joined Memphis Mayor Paul Young at the Cossitt Library for a full-house conversation on credit, housing and AI.
