Mortgage Meltdown: Option ARM Loans Will Destroy Your Credit

In this ABC 2 News Investigation, Freedmont Mortgage’s CEO Carl Delmont explains the devistating effect Option ARM loans will have on your credit score.

Duration : 0:3:46


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13 Comments on Mortgage Meltdown: Option ARM Loans Will Destroy Your Credit

  1. 407buddy
    March, 28th 2010 at 6:33 am

    The Fed and Gov’t ( …
    The Fed and Gov’t (Data) are lies and frauds in bed with the Blankfein’s
    of WallStreet, manipulating the global fiat money system, cdo’s, sdr’s
    high frequency trading, flash orders, naked short selling, on and on
    Unions busted, Jobs exported, labor de-valued to Zero and screw you into debt
    FICO scores a scam to enslave you into debt, ACT NOW, walk away from your
    CC cards and (underwater) mortgage, insurance policies a scam, cancel them
    Don’t be sheeple. Protect youself. Fight back!

  2. huskerbird1
    March, 28th 2010 at 6:33 am

    amen brother/sister?
    amen brother/sister?

  3. huskerbird1
    March, 28th 2010 at 6:33 am

    stupid
    stupid

  4. huskerbird1
    March, 28th 2010 at 6:33 am

    Theres your problem …
    Theres your problem, see? christians are forgiven, god has that ability. Us agnostics have to hammer it out ourselves. we cant blame it on the devil.
    TO WITH RELIGION

  5. stonerj0e
    March, 28th 2010 at 6:33 am

    its called fraud
    its called fraud

  6. klipsch21
    March, 28th 2010 at 6:33 am

    aint it obvious, to …
    aint it obvious, to scam people. They see the initial absurdly low monthly payments, and make the deal before reading the rest. However after a couple of years those rates reset and go up by as much as 5 times and you end up paying more in the long run than you normally would.

  7. flangelet
    March, 28th 2010 at 6:33 am

    The americans who …
    The americans who TOOK OUT THESE LOANS deserved to be impoverished & destroyed. It’s called suicide.

    But no matter… the usa is dead & buried but at least the rest of the world is ok, we repositioned our money away from the failing usa to Asia & I can honestly say I’ve never made so much money in my life out of the failing america & their dumb problems.

    I live in the UK. Contrary to what your propaganda channels tell you, the property markets here are doing fine & recovery is well underway!

  8. flangelet
    March, 28th 2010 at 6:33 am

    …because it’s …
    …because it’s profitable and you live in a capitalist country, dummy!

    Get a clue!

  9. Anothercoilgun
    March, 28th 2010 at 6:33 am

    If you ask why do …
    If you ask why do loans like this even exist then you answer you with “Its by design”.

  10. jakjup
    March, 28th 2010 at 6:33 am

    why the would …
    why the would a loan like this even exist?

  11. b2flyer1
    March, 28th 2010 at 6:33 am

    Loans like this …
    Loans like this helped to distroy the housing market.We are lead to believe by the media,it was all sub-prime that caused the problem.

  12. KARStarla
    March, 28th 2010 at 6:33 am

    I’m never buying …
    I’m never buying another home cause I dont trust the lenders no more, its been one nightmare after another, screw this. They’ll just drop one scam and create another.

  13. ShilgenVens
    March, 28th 2010 at 6:33 am

    Assuming Christians …
    Assuming Christians are honest is stupid.

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