I’m glad we now KNOW that 95% of the people holding Option ARM’s are screwed. Posts like this damage the credibility of an otherwise good post.

More accurate would be “95% of the people that took out Option ARM’s GOT SCREWED by a lender more interested in earning 1 to 3 points on the loan (2 to 10 times what they usually get)instead of doing doing what was in the best interest of their client and many of these people will get slaughtered”.