PS – Yes they probably did reset at lower rates. But I am curious at what rate most of the suicide loans were qualified? Was it the start rate or a fixed rate?
Because now that I think about it, I got a great start rate but had to qualify, full doc, at the fixed rate at the time, which was back in 1986.
Can a realtor or a mortgage person on this site tell me how those loans were made recently, say within the last two years?
