1 Articles match "2010","Recasting","Sales"

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Option ARM Borrowers Running Out Of Time
And now the mortgage mess is about to get far worse as millions of option ARMs begin to recast. Not "reset" — but recast . Among these loans, Fitch expects roughly $29 billion to recast by the end of 2009 and an additional $67 billion to recast in 2010 -- thats almost half of all the option loans now held by lenders. (See: According to Fitch Option ARM Borrowers Running Out Of Time By Peter G. Miller    Step right up folks.
www.realtytrac.com - Tuesday, February 3, 2009
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  • The Best from RealtyTrac MORE
  • Option ARM Borrowers Running Out Of Time
    And now the mortgage mess is about to get far worse as millions of option ARMs begin to recast. Not "reset" — but recast . Among these loans, Fitch expects roughly $29 billion to recast by the end of 2009 and an additional $67 billion to recast in 2010 -- thats almost half of all the option loans now held by lenders. (See: According to Fitch Option ARM Borrowers Running Out Of Time By Peter G. Miller    Step right up folks.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE