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Monday, September 4, 2006

More on Option ARMs

The cover story in this week's Business Week is about Option ARMs, a type of mortgage that I've posted on before.  The article is a little shrill, but has a good overview of the economics behind a mortgage that is very likely to lead to a large number of mortgage defaults over the next few years.

Ben Barros

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http://lawprofessors.typepad.com/property/2006/09/more_on_option_.html

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