On the recordApril 12, 2010
And is it true that, as shown in Exhibit 37, at times, 95 percent of WaMu's Option ARM borrowers were making minimum payments, which led to no or negative amortization?
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congress.govCarl Levin: “And is it true that, as shown in Exhibit 37, at times, 95 percent of WaMu's Option ARM borrowers were making minimum…”
Editor's note · Context
Levin highlights the high percentage of borrowers making minimum payments, raising concerns about amortization.
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