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- 2/28 ARMs All Gone?

In yet another event in the ongoing sub-prime mortgage debacle, Wells Fargo (America's largest mortgage lender) and other lenders have eliminated 2/28 ARMs. This was the among most popular type of sub-prime mortgages. According to Bankrate.com, 5 of the 6 largest mortgage lenders will no longer offer this type of mortgage. The plot thickens.

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Posted by debtblog on July 26, 2007 01:41 PM |

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