New York foreclosures likely to continue as ARMs begin to re-set over next 4 years

As bad as the foreclosure problem has been, it’s apparently ready to get worse, according to this article in the New York Times (“Loans that looked easy pose threat to recovery“). All the adjustable rate mortgages (“ARMs” for short) we’ve been hearing about are getting ready to re-set over the next four years, and that …

New York foreclosures likely to continue as ARMs begin to re-set over next 4 years Read More »