Interesting article.....on next wave of home mortgage defaults....

http://seekingalpha.com/article/193830-strategic-mortgage-default-here-come-the-waves-again

John Hussman notes that the very large non-subprime Alt-A and Option ARM cohort interest-rate resets lie ahead of us and not behind us in his latest weekly market commentary. In my view, this is a very big problem for the US banking sector and economy because of the credit writedowns these resets will generate.