Under one of these, consumers with bad credit will get mortgage with an interest rate that automatically goes down after a period of consistent payments
And isn't that interesting, they were all ARM's that went up.
I'd like to see if that statement can be used to twist the arms of lenders to reduce interest rates.
19 posted on 03/06/2009 11:00:57 AM PST by Syncro
(Play by the rules and you're gonna miss all the fun--Jacky Don Tucker (Toby Keith)