Relevant:
- Revisiting option-ARM data
- Fannie Mae and Wells Fargo Announce Creative Mortgage Solutions: A New Thing Called Renting
- Option ARMs See Rising Defaults
- Wells Fargo Chief Economist: "There is no clear, easy way out for housing"
- Countrywide's New Scare - 'Option ARM' Delinquencies Bleed Into Profitable Prime Mortgages
2009-11-04 — thetruthaboutmortgage.com
" Wells Fargo is reportedly converting its $100 billion + stable of option arms into interest-only loans to avoid a complete disaster, according to a piece in the WSJ."
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