stats on upcoming balloon resets on coops?

If you dig around, you'll see that co-ops hardly ever refinance during the term of their mortgage. You therefore wouldn't see more activity in 2006/2007 than in any other year.

The terms of their mortgages are short (e.g. 5-15 years) and include a yield-maintenance penalty, so it's almost never worth the trouble and expense to refinance just to get a lower rate.

You will see co-ops adding credit lines and increasing their debt to pay for some big upcoming project, but that's almost always done at the end of the term.

As an aside, most co-ops are so old now that the loan-to-value ratios of their mortgages -- even when they never get paid off -- has dropped to insignificance. I saw one the other day for $20,000,000 that seemed enormous, but looked at relative to the value of the building it was diddley-squat.

If you dig around, you'll see that co-ops hardly ever refinance during the term of their mortgage. You therefore wouldn't see more activity in 2006/2007 than in any other year.

The terms of their mortgages are short (e.g. 5-15 years) and include a yield-maintenance penalty, so it's almost never worth the trouble and expense to refinance just to get a lower rate.

You will see co-ops adding credit lines and increasing their debt to pay for some big upcoming project, but that's almost always done at the end of the term.

As an aside, most co-ops are so old now that the loan-to-value ratios of their mortgages -- even when they never get paid off -- has dropped to insignificance. I saw one the other day for $20,000,000 that seemed enormous, but looked at relative to the value of the building it was diddley-squat.

If you dig around, you'll see that co-ops hardly ever refinance during the term of their mortgage. You therefore wouldn't see more activity in 2006/2007 than in any other year.

The terms of their mortgages are short (e.g. 5-15 years) and include a yield-maintenance penalty, so it's almost never worth the trouble and expense to refinance just to get a lower rate.

You will see co-ops adding credit lines and increasing their debt to pay for some big upcoming project, but that's almost always done at the end of the term.

As an aside, most co-ops are so old now that the loan-to-value ratios of their mortgages -- even when they never get paid off -- has dropped to insignificance. I saw one the other day for $20,000,000 that seemed enormous, but looked at relative to the value of the building it was diddley-squat.