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Loan Modification

: Mortgage Lender Implode-o-Meter

some neg am loans, prepays may be banned in california

By Implode-Explode Heavy Industries

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"Pay option arms, which allow homeowners to make less than the interest-only mortgage payment each month (negative amortization), may be partially banned in the state of California if proposed mortgage reform legislation becomes law."

Full post as published by Mortgage Lender Implode-o-Meter on June 03, 2009 (boomark / email).

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