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Loan Modification

: Loan Modification & Home Loan News

?Toxic? Mortgages Rally as Resets Accelerate: Credit Markets

By Moe Bedard

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(Source: Business Week) – By Jody Shenn and Prashant Gopal of  Bloomberg — Home loans that inflated the U.S. housing bubble by giving borrowers the choice of cutting interest payments in exchange for higher balances are fueling the fastest gains in the mortgage-bond market. Prices for senior bonds tied to option adjustable-rate mortgages, called ?toxic? [...]

Full post as published by Loan Modification & Home Loan News on February 03, 2011 (boomark / email).

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