ARM Reset Hangover, Opportunity or Doom?
Posted by Bill Rice on 10/23/07 in lead management, mortgage
Paul Knag points out some ominous forward affects of the consumer ARM inventory.
Opportunity: If you think investors are prepared open up or get creative in future mortgage products to work-out payment shocked clients. Or, some magical nationwide, rapid property value appreciation.
Doom: If you think investors will still maintain tight loan amount and equity guidelines. And, [...]
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