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Option ARM mortgages to explode (not in a good way)

Filed under: Uncategorized — Tags: , — taewoo @ 4:45 am December 29, 2009

Ouch

I guess this title should be called “implosion”, not explosion.

This option ARM implosion is hurting California so bad that people are actually moving out of the state.

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Filed under: business, real estate — Tags: , , — taewoo @ 12:34 pm February 17, 2009

Sourced from WikiLeaks: