Hybrid Adjustable Rate Mortgage Recasting Will Cripple The Housing Market
We are hearing a lot lately about how the subprime lenders are dying due to the default rate inherent in loan programs which are primarily adjustable rate with lax income verification and/or credit requirements. This is where most people who don’t have a subprime loan start nodding off…snoozzzzZZZZ. I can hear them now, “Hell, serves [...]
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