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Interesting article about rate freeze

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Michigander

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Oct 23, 2003
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Certified Residential Appraiser
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http://www.thetruthaboutmortgage.com/

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.
 
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