``One of the stunning points found was that 93 percent of option ARM borrowers decided to go with the negative amortization option otherwise known as the “minimum payment” option. This is something we have established from many fronts and data sets. The bottom line is the vast majority went with negative amortization and this grew the actual balance owed. Yet one of the new findings in the report was that 78 percent of all outstanding option ARMs have yet to hit major recast points.''

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