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pay option arm

It’s Not All Subprime. Pay Option ARM’s – California’s Billion Pound Gorilla

by Moe Bedard

By Moe Bedard
Let’s get something straight. Subprime loans are not the only thing that we need to worry about in this housing and mortgage crisis. It’s the hidden mortgage creatures in the “adjustable rate forest of the unknown” that are watching and waiting as they mature into full grown animals that we need to [...]

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