The ARM “Non-Issue” & California Pay Option Arm Nightmare May Lead to an Increase in Stockton Foreclosures!

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The ARM reset issue has disappeared as long as interest rates remains at historical lows. The Option Arm problem still is a very large back cloud looming over California. With in excess of 80% of Pay Option Arm homeowners making the minimum payment each month, interest payments are not being paid and loan balances are […]