Short Sale, Foreclosure and Strategic Default

Loading...

Friday, August 28, 2009

REALTOR® Magazine-Daily News-Option ARMs Put Recovery at Risk

REALTOR® Magazine-Daily News-Option ARMs Put Recovery at Risk: "“Everyone’s been focused on subprime, but we’re more concerned about this,” says Todd Jadlos, managing director of LPS Applied Analytics, which analyzes data for the financial industry. “By the time subprime defaults had increased 200 percent, in June and July of 2007, option ARMs had gone up 400 percent. People just didn’t notice because the overall numbers weren’t as high.”"

No comments: