Fitch Warns on Option ARMs; High Defaults Await

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Fitch Warns on Option ARMs; High Defaults Await Congress has to increase the country’s debt limit, which effectively rules how much debt the U.S. can have, by the end of February or face a potential default, Fitch says. Riley warned that the.

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11 days ago · "What the United States wants is to get rid of the Central Americans in a legal way, and it does so by handing them those documents," said Aarón Méndez, director of the Amar shelter in.

I hate being right sometimes. BusinessWeek’s cover story this week is about Toxic Mortgages; it discusses the problems with Option ARM loans. As I’ve been saying for a few years now, too many people got sucked in by the premise of outstanding rates to help them purchase homes they simply couldn’t afford.

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Danielle Fitch of Cleveland has four children. But Manning said local districts will have options. "A school board can decide to opt out. But they have to have a public hearing at least 30 days.

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