All Posts Tagged With: "sanity"
Should We Require Lenders To Modify Toxic Loans?
Mortgage interest rates are down at this writing, well below 6 percent. In such circumstances it certainly makes sense for borrowers with exploding ARMs to refinance into stable, fixed-rate mortgages. But many such borrowers have loans where mortgage balances have grown while home values have fallen. Many toxic loans require huge prepayment penalties. Most borrowers [...]
20Aug2008 | Peter G. Miller | 0 comments | Continued
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