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Loan Modification

: Loan Modification & Home Loan News

Option ARMs still a danger on the foreclosure horizon

By Moe Bedard

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In a wave cresting through the coming two years, most of the estimated 900,000 borrowers who have option ARMs will lose their ability to make these teaser payments, according to First American CoreLogic, a Santa Ana real estate research firm. “Unless option ARMs are restructured proactively, large proportions of them could end in foreclosure, leading to [...]

Full post as published by Loan Modification & Home Loan News on March 22, 2010 (boomark / email).

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