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Wells Fargo Kicks the Can by Transofrming Option ARM Mortgages into Interest Only

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Linked by Fund my Mutual Fund ( track newsfeed | ignore newsfeed ) - November 06, 01:00PM from (www.fundmymutualfund.com)

If you are not familiar with what an option ARM mortgage is, read this piece [Aug 13, 2008: Option ARMs- Who Thought Up these Time Bombs?]].  I too was unfamiliar with it, despite following markets closely, until I read a BusinessWeek article in October 2006.  Interest only mortgag...

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