Payment Shock Concerns Grow as Billions in Interest Only Loans Face ... - MortgageNewsDaily.com
Story date: 2010-01-13 05:27:00
Added on: 2010-01-15 02:15:15
Fitch Ratings warned today that billions of prime and Alt-A mortgages that were written as interest-only (IO) loans are due to recast over the next two years. $47 billion of these loans convert to fully amortizing loans in the next 12 months and a ...
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