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Loan Modification

: Mortgage Lender Implode-o-Meter

Option ARM Time Bomb Blows Early, Easing Damage to U.S. Housing

By Implode-Explode Heavy Industries

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"This was the year thousands of U.S. homeowners with option adjustable-rate mortgages were supposed to default as their payments spiked. Low interest rates and a surge of early delinquencies mean the numbers probably won?t be as bad as forecast, softening the blow to a housing market where prices have resumed falling."

Full post as published by Mortgage Lender Implode-o-Meter on February 15, 2011 (boomark / email).

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