Thursday, April 19, 2007

Working with Mortgage Borrowers: Hybrid ARMs

Working with Mortgage Borrowers:Hybrid ARMs: "In anticipation of the large number of adjustable rate mortgages (ARMs) scheduled to reset in the next 12 to 18 months, particularly subprime hybrid ARMs, the federal banking agencies encourage institutions to work with borrowers who may be unable to meet contractual payment obligations on loans secured by their primary residence"

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