I work with a financial adviser who has several clients with option arms that are underwater.

Curious if anyone knows of any product currently available or any proposed plans to address all the borrowers in this situation?

As much as I would love to refinance them right now, I also want to clearly express a strategy of what might be coming. So any and all information is greatly appreciated.

Thanks

Don't they currently have really low fully-indexed rates or is their Margin unusually high?

The most popular Option ARM Indices are very low ...

The current MTA Index is at .168%

The current COFI Index is at 1.221%

The current CODI Index (World Savings/Wachovia) is at .313%