Michigander
Senior Member
- Joined
- Oct 23, 2003
- Professional Status
- Certified Residential Appraiser
- State
- Michigan
http://www.thetruthaboutmortgage.com/
Check out the comments from "Report Reveals Number of Problems Associated with Rate Freeze 11Dec07"
Check out the comments from "Report Reveals Number of Problems Associated with Rate Freeze 11Dec07"
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The report claims the freeze plan will undermine the viability of the secondary market that has played a key role in providing mortgage loans, and will set in place similar expectations for Alt-A borrowers who face resets in coming years.