via NYT

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Source:
Once Trusted Mortgage Pioneers, Now Pariahs
MICHAEL MOSS and GERALDINE FABRIKANT
NYT, December 24, 2008

http://www.nytimes.com/2008/12/25/business/25sandler.html

Category: Credit, Digital Media, Real Estate

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “Option Arms”

  1. Steve Barry says:

    These are really going to blow up nicely.

  2. Osborne Ink says:

    From what I understand, these mortgages were designed to appeal to people “flipping” houses in a hot market. They were never really intended for traditional homeowners. Now that the hottest markets are stuck in an ice age, these mortgages are doomed to fail, but I’m not sure how much sympathy to feel for most of option ARM homeowners caught playing land baron.