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Loan Modification

: Mortgage Lender Implode-o-Meter

Option ARMs Don?t Measure Up in HAMP

By Implode-Explode Heavy Industries

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"Of all mortgage collateral sectors, pay-option adjustable-rate mortgages (ARMs) are the least modifiable under a federally-subsidized modification program, according to research Monday by Bank of America Merrill Lynch (BofAML)."

Full post as published by Mortgage Lender Implode-o-Meter on February 10, 2010 (boomark / email).

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