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BuyerWillEPB.
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August 7, 2007 at 7:49 PM #9753August 7, 2007 at 10:32 PM #71622
fromnj
ParticipantMarch 2006 WSJ article regarding ARM reset. Could someone post full article?
FREE PREVIEW
Millions Are Facing Monthly Squeeze On House Payments
By James R. Hagerty
Word Count: 1,556 | Companies Featured in This Article: Wells FargoMillions of Americans who stretched themselves financially to buy homes face a painful adjustment — some could even lose their houses — as monthly payments on adjustable-rate mortgages are reset higher.
In the hot housing market of recent years, many households took advantage of “affordability” mortgage loans — heavily promoted by lenders — that hold down payments for an initial period. Now the initial periods are coming to an end on many of these loans, leaving borrowers to face resets of their interest rates that can cause monthly payments to shoot up between 10% and 50%.
More than $2 trillion …
August 7, 2007 at 10:32 PM #71738ParticipantMarch 2006 WSJ article regarding ARM reset. Could someone post full article?
FREE PREVIEW
Millions Are Facing Monthly Squeeze On House Payments
By James R. Hagerty
Word Count: 1,556 | Companies Featured in This Article: Wells FargoMillions of Americans who stretched themselves financially to buy homes face a painful adjustment — some could even lose their houses — as monthly payments on adjustable-rate mortgages are reset higher.
In the hot housing market of recent years, many households took advantage of “affordability” mortgage loans — heavily promoted by lenders — that hold down payments for an initial period. Now the initial periods are coming to an end on many of these loans, leaving borrowers to face resets of their interest rates that can cause monthly payments to shoot up between 10% and 50%.
More than $2 trillion …
August 7, 2007 at 10:32 PM #71746ParticipantMarch 2006 WSJ article regarding ARM reset. Could someone post full article?
FREE PREVIEW
Millions Are Facing Monthly Squeeze On House Payments
By James R. Hagerty
Word Count: 1,556 | Companies Featured in This Article: Wells FargoMillions of Americans who stretched themselves financially to buy homes face a painful adjustment — some could even lose their houses — as monthly payments on adjustable-rate mortgages are reset higher.
In the hot housing market of recent years, many households took advantage of “affordability” mortgage loans — heavily promoted by lenders — that hold down payments for an initial period. Now the initial periods are coming to an end on many of these loans, leaving borrowers to face resets of their interest rates that can cause monthly payments to shoot up between 10% and 50%.
More than $2 trillion …
August 7, 2007 at 10:45 PM #71634BuyerWillEPB
ParticipantYour link goes to some Broker’s blog and the funny thing is that they are talking about the ARM resets as if they will be a GOOD thing.
Hilarious!
(cue Gomer Pyle – Well suuurprise, suuurprise, suuurprise!)
They’ve got a surprise coming.
August 7, 2007 at 10:45 PM #71750ParticipantYour link goes to some Broker’s blog and the funny thing is that they are talking about the ARM resets as if they will be a GOOD thing.
Hilarious!
(cue Gomer Pyle – Well suuurprise, suuurprise, suuurprise!)
They’ve got a surprise coming.
August 7, 2007 at 10:45 PM #71758ParticipantYour link goes to some Broker’s blog and the funny thing is that they are talking about the ARM resets as if they will be a GOOD thing.
Hilarious!
(cue Gomer Pyle – Well suuurprise, suuurprise, suuurprise!)
They’ve got a surprise coming.
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