On the recordApril 12, 2010
Those Option ARMs... now have a delinquency rate of more than 50 percent, which means more than half of the underlying loans are now delinquent.
Source
congress.govCarl Levin: “Those Option ARMs... now have a delinquency rate of more than 50 percent, which means more than half of the underlying…”
Editor's note · Context
Levin highlights the high delinquency rates of Option ARMs.
Share
More from Carl Levin
Feb 6, 2020
I claim the time in opposition to this amendment. The Acting CHAIR. The gentleman is recognized for 5 minutes.
Feb 5, 2020
I thank Representative Pressley for being such a great champion for workers in Massachusetts and in our whole country. Madam Speaker, I now yield to the gentlewoman from Illinois (Ms. Schakowsky).
Jan 13, 2021
For 2 months, Donald Trump used the biggest megaphone in the world to organize a campaign of outright lies to overturn a free and fair election. On January 6, he summoned and incited a mob of domestic terrorists to fight like hell and sent…
Feb 6, 2020
Woman, I rise in opposition to this amendment. The Acting Chair (Ms. Pingree). The gentleman is recognized for 5 minutes.
Other voices in this conversation
