Originally Posted by
jsled
you are not wrong. Look at the Extension LOA redlined v the UPA document for wording changes to FRMS. Not really concessionary, in fact in some areas improved. The automatic lookback pay for extensions is a vast improvement to current book.
I am having a hard time understanding the "catch." Why did they do this? I feel like a battered woman that finally met a nice man and burnt her first dinner. Your ducking for the inevitable slap that isn't coming. Where am I wrong? Someone explain what was their motivation? Known costs for something coming down the road? Obtaining financing? Wanting to know fixed costs for a longer time frame? Just confused, sorry...