http://www.ritholtz.com/blog/2008/12/option-arms/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 10:33:19 +0000 hourly 1 http://wordpress.org/?v=3.0.5 http://www.ritholtz.com/blog/2008/12/option-arms/comment-page-1/#comment-135689 Osborne Ink Thu, 25 Dec 2008 23:22:17 +0000 http://www.ritholtz.com/blog/?p=13824#comment-135689 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. 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.

]]> http://www.ritholtz.com/blog/2008/12/option-arms/comment-page-1/#comment-135656 Steve Barry Thu, 25 Dec 2008 16:38:11 +0000 http://www.ritholtz.com/blog/?p=13824#comment-135656 These are really going to blow up nicely. These are really going to blow up nicely.

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