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brownworm237Lv1
28 Sep 2019
A variety of new mortgages were developed and approved by regulatory authorities after serious problems for holders of fixed-rate mortgages in the early 1980s. Adjustable-rate mortgages (ARM) were part of those innovations approved. Please, discuss the following inducing questions:
1) What is an adjustable-rate mortgage (ARM) and how does it differ from conventional mortgages in contractual terms?
2) How have adjustable rate mortgages (ARM) been associated with the recent real-estate crisis?
A variety of new mortgages were developed and approved by regulatory authorities after serious problems for holders of fixed-rate mortgages in the early 1980s. Adjustable-rate mortgages (ARM) were part of those innovations approved. Please, discuss the following inducing questions:
1) What is an adjustable-rate mortgage (ARM) and how does it differ from conventional mortgages in contractual terms?
2) How have adjustable rate mortgages (ARM) been associated with the recent real-estate crisis?
Joshua StredderLv10
28 Sep 2019
