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September 03, 2006
Pack Of Vultures
Do mortgage brokers take your legs when they sell ARMs?
That would be the hedge funds, who making huge profits gouging the unwary with option Adjustable Rate Mortgages (ARM). Business Week details the slippery accounting practices, greedy hedge funds, unscrupulous mortgage brokers and banks - as well as how some homeowners will soon find their itty bitty mortgage payment just got way more costly. Some, unquestionably, will lose their homes.
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Posted on September 3, 2006 09:38 AM by Mortga104.
Filed in Real Estate under mortgage brokers.
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