Wachovia’s New Pay Option ARM Plan – ‘The Spend’ – Piggington's Econo-Almanac

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October 9, 2008 at 12:23 PM #14142

Huckleberry
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This is a new article by MM.

http://mrmortgage.ml-implode.com/2008/10/08/wachovias-new-pay-option-arm-plan-the-spend/

What is everyone’s take on how well this will work?

Will these new loans and “silent seconds” somehow be public record?

Will we have the ability to see (through public records) the newly appraised values assigned by the banks?
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