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Converting ARMs to fixed rate mortgages: required ?

"Save the borrower" legislative proposals abound. And,

Sheila Bair, chairman of the FDIC, who proposed yesterday
that mortgage servicers freeze all adjustable rate mortgages
facing resets at their current rates.

Naked Capitalism thinks such
forbearance is doomed.

Posted by on October 22, 2007 7:01 AM |

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