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


To: russwinter who wrote (52841)2/6/2006 2:39:21 PM
From: Ramsey Su  Read Replies (1) | Respond to of 110194
 
I just heard the correct definition of an optional ARM.

An optional ARM is one that if you do not pay back the loan, the subprime lenders are going to break your ARM, however, you have the option of which ARM they break.