Goldman: Adjustable Rate Mortgages Climb To 41% Of Total Held By US Banks, Surpassing Global Financial Crisis Record

Some observations from Goldman's, Josh Banschick, head of the bank's Residential Loan Trading business as well as the Prime MBS secondary business

It's been a busier August than expected, but I feel like I said the same thing last year, and the year before that.  Just a few observations & charts before we hopefully shift into a slower period ahead of Labor Day Weekend.

Banks.