ARMs of Mass Destruction

May 27, 2022

Mortgage Professional America, May 27, 2022–Richard Torne
Potentially risky ARMs have gained in popularity in recent months. Data from the Mortgage Bankers Association show ARMs now account for almost 10% of all mortgage applications in the US, compared to just 3% at the start of the year.
https://www.mpamag.com/us/mortgage-industry/industry-trends/arms-of-mass-destruction/407605