Fred Chamberlin
Oak Harbor/Whidbeynulls, #1 Experienced FHA...
Oak Harbor,
WA
More about me…
Guild Mortgage Co - Oak Harbor WA
Address: 32785 State Route 20, Suite 5, oak Harbor, wa, 98277
Office: (360) 675-6106
Mobile: (541) 221-3455
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JP Morgan Chase, the bank that took over Washington Mutual (WaMu) recently, had announced that it will halt foreclosures for the next 90 days, according to an article in the San Diego Mail today. During this period, the bank will attempt to re-negotiate loans with delinquent borrowers. Since WaMu was big into the "option ARM" program, this is exceptionally good news for WaMu customers. The "option ARM," also known as the "pay option ARM," is a potential negative amortization product that was used extensively through the WaMu retail outlets.
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