"underwater" mortgages

[tw]

Originally Posted by classicman

ARM's were created for specific situations and used properly contained very little risk.

Right. And Saddam had WMDs. We just have not found them yet. Clearly so many homes worth less than their mortgage as those mortgage interest rates increase - absolutely no risk. Clearly interest rates with no limit - absolutely no risk. Clearly you mock me with fictions. Extremism is alive and well in casing blame elsewhere.