maxster
12-05-2007, 06:52 PM
Washington is considering putting a freeze on ARMs for those homeowners *eligible for it for term of 5 years.first off you have to be living in it and have the original mortage in place since moving in.they are still working out the finer limits ,and who might take advantage of this situation to profit from it.the way mortgages are re-sold and used as investment would be their biggest concerns.