ARM loan 2. a. (2 pts.) What is the most common trigger for residential...
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ARM loan 2. a. (2 pts.) What is the most common trigger for residential mortgage refiance? b. (4 pts.) Describe the problem that ARMs were introduced to address. C. (6 pts.) In non-technical terms, what do all the pieces of this loan description mean: a fully-amortizing 3/1 hybrid ARM that is interest-only for the first seven years, is indexed to LIBOR plus 2%, and has a 1/5 interest rate cap
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