Were they notified that there was a billion-and-a-half dollars in loans that were selected because they were Option ARMs and that it was your expectation that Option ARMs were going to go delinquent in greater numbers?
Levin questions whether investors were informed about the risks of Option ARMs.
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I would just point out that the grants in Title II do not have mandatory partners. They require partners to the extent practicable in a given situation. Mr. Speaker, I yield 1 minute to the gentleman from Indiana (Mr. Mrvan), a member of…
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