Crazy Aunt in the Attic Revisted
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2007-12-29 — wallstreetexaminer.com
' One of the data points I was wondering about was mentioned, and that’s the number of Crazies who are making minimum payments. The answer is a rather stunning 75%. This means that negative amortization is piling on to pay option ARMs loan balances at the rate of 4-5% a year.'
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