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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (37561)8/2/2005 1:57:41 PM
From: carranza2  Respond to of 110194
 
If your rendition of an option ARM is correct, I can see the obvious logic to signing off on such a mortgage provided there is an ample supply of Greater Fools.

I wonder what the lending criteria for such a creature are.



To: Wyätt Gwyön who wrote (37561)8/2/2005 2:31:21 PM
From: Ramsey Su  Read Replies (2) | Respond to of 110194
 
that is almost exactly what I have been "pre-approved" for regularly, in writing, via US mail.

The only fine print I can see in those offers is strong FICO needed and lower LTV.


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