Relevant:
- Walking Away: The Next Mortgage Crisis
- The ‘Pay Option ARM Implosion’…Subprime’s Big Brother
- Mr. Mortgage: Downey Drops Pay Option Arms!
- Why Pay the Mortgage or Rent when you can have 16 Months of Free Shelter? How to Deal with this Important Question
- Grayson Sends Letter Demanding Halt Of Illegal Foreclosures, Calls Out "Largest Seizure Of Private Property Ever Attempted By Banks And Government"
2008-07-14 — ml-implode.com
"Spill over to other banks is why the IMB seizure was likely covered up for so long. We heard two weeks prior it was a seizure and not a voluntary closing of their mortgage unit. Look at what's happening today with other community banks with heavy Pay Option ARM exposure."
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