Option ARMs Come Back into Center Stage: 350,000 Active Option ARMs with over 200,000 in California. 78 Percent of Option ARMs have yet to hit Recast Dates. Option ARMs are the gift that keeps on giving this holiday season.  As it turns out, these pesky toxic mortgages are still sitting waiting to hit recast periods.  […]

Tags: ALT-A, CALIFORNIA, HAMP, Inland Empire, Long beach, Los Angeles, Option, Option ARM, Phoenix, reset, shadow inventory, toxic mortgages, underwater
Posted in bubble, Corruption, Eviction, securities fraud |