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Historical Scenario

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Historical Scenario

The assumption that the index value to which the interest rate on an ARM is tied follows the same pattern as in some prior historical period.

In meeting their disclosure obligations in connection with ARMs, some lenders show how the mortgage payment would have changed on a mortgage originated some time in the past. That is not very useful. Showing how a mortgage originated now would change if the index followed a historical pattern would be useful, but nobody does it.



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Aa Their alternate historical scenarios are not termed simply revisionist, but are demeaned as Holocaust denial.
Many of us thought the historical scenario would unfold rather differently.
Could it be that the purpose of this historical scenario (which includes the death of Mary, Catholic Queen, and the Armada, part of Philip of Spain's attempt to subdue the whole of Europe) is to provide an allegory of the current problems of religious fanaticism?
 
 
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