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Catchword for “exploding ARM”
Catchword: exploding ARM
Filed under: , ,
Part of speech: n.
Quotation: The man Bob Woodward called “Maestro” actually advised Americans to shun fixed-rate loans for adjustable-rate mortgages. Dubbed “exploding ARMs” to describe the impact of upwardly adjusting interest rates on monthly payments, the loans are a staple of subprime mortgages.
Article or document title:
“Who’s to blame for foreclosure crisis?” (URL)
Author:
Pat Beall
Article, document, publication, web site:
Palm Beach Post
Publishing location:
Florida
Date of publication:
Oct. 21, 2007
This catchword has yet to be researched.
Posted 17 Nov 07 | Permalink | Tell a Friend

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