Relevant:
- Option ARMs for Dummies: Why 4.5 Percent Mortgages Rates will do Absolutely Nothing for these Toxic Assets.
- Goldman: California home prices to weaken further - Countrywide could be hurt by exposure to Golden State
- California AG Brown Demands That Ally Financial Prove Innocence in "Robo-Signer" Scandal
- Option ARMs: That Explosion Is The Sound Of The Other Shoe Dropping
- Wells Settles in FL for Wachovia Pay Option Loans
2009-10-30 — housingwire.com
" California attorney general Edmund Brown Jr. today sent a letter to 10 major bank and loan servicers in the state calling for the disclosure of their detailed plans to help certain homeowners manage the drastic payment increases on their pay option adjustable rate mortgages (ARMs)."
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