And when WaMu qualified a borrower for an Option ARM loan, did the bank use the payment that the borrower would have to make at a recast or did they use a lower payment?
Editor's note · Context
Levin questions the qualification process for borrowers at WaMu regarding Option ARM loans.
Share
More from Carl Levin
I thank Ms. Slotkin for yielding and for organizing this Special Order in honor of our dear friend, Paul Mitchell. Mr. Speaker, I represent parts of Macomb and Oakland counties. And during my first term in Congress, Paul and I shared…
First, I include in the Record a letter from the Manufacturing Institute in support of the bill. Manufacturing Institute, February 2, 2021. Hon. Bobby Scott, Chairman of Ed & Labor Committee, House of Representatives, Washington, DC. Hon…
I thank Congresswoman Leger Fernandez. Let me start by saying what an honor it is to serve with you, and I think this is our first action on the floor. I am really glad you are here, and I appreciate your leadership. Mr. Speaker, I rise…
Woman, I thank Chairwoman Lowey and subcommittee Chairman Price for their leadership and for bringing this much-needed package to the floor today. I am pleased to see that this bill includes funding for the long-term recovery of…





