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rates: Subprime Arms - 12/11/07 06:05 PM
~Breaking News~Bush Administration Puts a Freeze on Subprime ARMS
You may have already heard all about this but I thought this was worth sharing, the info I received.
After discussions with The Treasury Dept officials, mortgage lenders, and the Wall Street firms, the Bush administration announced a few short days ago that an agreement has been made to "freeze" interest rates for up to 5 years on certain subprime adjustable rate mortgages.  The New York Times stated that the goal of the Presidents plan was to convert as many subprime ARMs as possible to more sustainable loans but the freeze only would apply … (1 comments)

 
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Jody Sayler

Gold Canyon, AZ

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Keller Williams Integrity First

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