April 10, 2009 NY Times Editorial

Saturday, April 18, 2009: A recent editorial in the NY Times pretty much describes what happened to me in GA . There probably was a yield-spread mortgage and when I tried to refinance, I was told i couldn’t, that I had to wait 2 years because of the prepayment penalty. The loan officer probably got a very high fee and there were lots of condos on sale at that time. There was a lot of inventory that just had to be disposed of.


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