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ARM’s? Is there anything new?

ARM’s have been around forever, why are they an issue now?

Revisions of ability to repay/qualified mortgage rules diminished the ability to make balloon loans, although a small revision hours before expiration of one of the ATR/QM options retained the viability of balloon loans. For many creditors the last minute change came too late and they had already moved to ARM loans.
Learn more about Jack and Kelly’s webinar ARM Disclosures – Review and Update

First published on 11/26/2017

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