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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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Pack of vultures

Posted on September 3, 2006 09:38 AM by Mortga104.
Filed in Real Estate under mortgage brokers.
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