1 Articles match "ARM","Associated","Maine"

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Wachovia Changes The Lending Game
Like many lenders, Wachovia has announced that it’s getting out of the option-ARM business, what it calls Pick-A-Pay mortgages. More significantly — and unlike Wachovia’s competitors — it’s making it easier for borrowers to dump option-ARMs by waiving the prepayment penalties routinely associated with such loans. “Effectively immediately,” says the company, “Wachovia is waiving all prepayment fees associated with its Pick-A-Pay mortgage to allow customers complete flexibility in their home financing decisions. Wachovia Changes The Lending Game By Peter G.
www.realtytrac.com - Tuesday, February 3, 2009
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  • The Best from RealtyTrac MORE
  • Wachovia Changes The Lending Game
    Like many lenders, Wachovia has announced that it’s getting out of the option-ARM business, what it calls Pick-A-Pay mortgages. More significantly — and unlike Wachovia’s competitors — it’s making it easier for borrowers to dump option-ARMs by waiving the prepayment penalties routinely associated with such loans. “Effectively immediately,” says the company, “Wachovia is waiving all prepayment fees associated with its Pick-A-Pay mortgage to allow customers complete flexibility in their home financing decisions. Wachovia Changes The Lending Game By Peter G.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE