A large portfolio of nonperforming payment option ARMs has hit the market. Investors that have seen the offering book and talked to the seller say the asking price might be a bit rich, though others suggest it's merely a starting point. "Some of these loans have LTVs of 105," one vulture fund manager told National Mortgage News. For the full story and complete analysis see the Monday edition of NMN. Meanwhile, the stock market was in the tank Thursday morning after a weak private sector job report and concerns over debt troubles in Greece, Portugal and Spain. On Friday morning the Department of Labor releases unemployment figures for January...
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