Adjustable Rate Mortgage (ARM) Resets Threaten to Bring A New Wave of Foreclosures

January 29, 2010 by · Leave a Comment
Filed under: Mortgage 

In the early 1980s, adjustable rate mortgage or the ARM was the byword in the housing industry. It was every American’s ticket to finally owning a home. With very, very low payments to make each month, the ARM was an ideal home ownership package every working citizen could afford.
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