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Volume 2010 - Number 3

February 5, 2010

Downloads Available: View the attached file (in pdf format)


Option ARM Problems Far From Finished

Already high delinquency rates on option ARMs are expected to increase due to exceptionally high negative equity, according to Moody’s Investors Service. More than 70 percent of option ARMs securitized between 2005 and 2007 were made to borrowers in California, Florida, Arizona and Nevada, states that have suffered home price declines of close to 50 percent... [Includes one chart]

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Poll

The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

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Housing Pulse

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