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


To: John Vosilla who wrote (41917)9/20/2005 3:48:29 PM
From: CalculatedRisk  Read Replies (1) | Respond to of 110194
 
Exactly. The regulatory agencies should have tightened up lending requirements some time ago - they didn't.

I don't mind 1% starter rates on ARMs, as long as the borrowers QUALIFY at the future rates. The idea of 50% of income going to an option ARM is asking for trouble.