Federal effort to help homeowners revives risky mortgages: Critics call program to prevent foreclosures ‘most exotic …
Federal effort to help homeowners revives risky mortgages: Critics call program to prevent foreclosures ‘most exotic …
By Eric Wolff, North County Times, Escondido, Calif. Feb. 7–The pitch is strikingly familiar: A home loan deal that offers a five-year “teaser” rate with low monthly payments, but then escalates to sharply higher costs.
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