Relevant:
- The Plan to Freeze Teaser Rates on Some Subprime Loans has Resistance from the Investors
- Stop HAMP Discrimination Against the Disabled and the Elderly
- Impact of Mortgage Resets Likely to Be Worse Than Reported
- Bank of America Offers Principal Reductions to 200,000 Homeowners
- HAMP Waiver Eliminates Trial Period Restart Rule
2007-10-19 — fxstreet.com
"The economy is facing a viscous cycle of increased delinquencies, tight credit and lower house prices. The typical subprime borrower pays almost half of his or her gross income on mortgage payments even at the teaser rate before resets. "
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