TITLE

ARM Adjustments Put Focus on Portfolio Retention

AUTHOR(S)
Garritano, Anthony
PUB. DATE
October 2006
SOURCE
Mortgage Servicing News;Oct2006, Vol. 10 Issue 9, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the great concern to keep adjustable-rate mortgage (ARM) clients in the U.S. To keep ARM clients is an important matter as resets will cause their payments to balloon and possibly result in increased foreclosures. ARM lenders are not financially prepared says consumer advocacy group ACORN. This group points out that the problem is substantial in low-income and minority communities who turned to adjustable-rate financing to afford homeownership.
ACCESSION #
22545123

 

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