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recast
(redirected from recasts)

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She was prohibited from correcting grammatical errors explicitly but could recasts or request clarification if an error impeded comprehension.
Even without further declines in home values, defaults on Option ARM loans are expected to soar as loan recasts occur, as these borrowers are unable to effectively refinance into alternative mortgage product.
As a result, a large number of these loans, especially those with 40-year amortization and 110% principal caps are expected to reach their recasts before the end of the five-year mark.
 
 
 
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