Wachovia Mortgage Modification Hope for Mortgages with Adjustable Rates
The solution proposed under Wachovia mortgage modification is to impose a fixed rate to home loans, thus transforming the whole debt into something one can actually afford to pay. By taking on a Wachovia loan in the first place, borrowers set themselves up for trouble as they were faced with increasing loan balances. If we add the crisis of the housing market and the decrease of property values to the equation,
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