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Loan Modification

: The Truth About Mortgage.com

One Million Option Arms to Reset in Next Four Years

By scot184

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An estimated one million option arms are expected to reset higher over the next four years, according to a Bloomberg report. About three quarters of these loans will adjust next year and in 2011, with resets peaking in August 2011 when 54,000 loans are set to lose their negative amortization feature. More than $750 billion in option [...]

Full post as published by The Truth About Mortgage.com on June 11, 2009 (boomark / email).

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