COFFEY, Circuit Judge. On September 9, 1999, Thomas P. Davis and Cathy M. Davis obtained a $288,000 adjustable rate mortgage (“ARM”) from the G.N. Mortgage Corporation (“GN”) for the purpose of refinancing prior, non-business personal debts which was to be secured by their home in Manhattan, II. A few months later, GN sold the note to Countrywide Home Loans, Inc. (“Countrywide”)…
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