Housing Property

Posts Tagged ‘business’

ARM, the adjustable rate mortgage, helped fuel the huge real estate bubble over the last several years. Ridiculously low introductory rates for terms of one, three and as many as five years lured thousands of would be home buyers and the predatory investors into the real estate market. With credit markets booming there seemed to be an endless supply of cash to fund these loans. Many were also zero down payment loans.

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