Behind Subprime Woes, A Cascade of Bad Bets
Story date: 2007-10-16 08:58:00
Added on: 2007-10-16 23:53:56
Wall Street Journal - At the time, a prime, 30-year fixed-rate mortgage had an interest rate of 5.87%. But the introductory rate on Mr. Rodriguez's ARM would ... Bryon Veal, who ran the brokerage, says he typically warned customers to use adjustable-rate products only if they ...
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