ALT-A AND OPTION ARMS CRISIS
Many fail to realize that there are 3.7 million small businesses holding “toxic” mortgages in the form of alt-A and option ARMs. Alt-A mortgage is considered riskier than “prime” and less risky than “sub-prime,” with an interest rate between those two. An option ARM is an adjustable rate mortgage that offer low rates and payment for the first year, but will quickly increase in a bad economic climate. This topic covers the impending crisis that will result from these loans.
Alt-A and Option ARMs Crisis is part of Business Exchange, suggested by Professor Samuel D. Bornstein. This topic contains 510 news and 211 blog items. Read updated news, blogs, and resources about Alt-A and Option ARMs Crisis. Find user-submitted articles and reactions on Alt-A and Option ARMs Crisis from like-minded professionals.
Please add new articles to this topic