Adjustable-Rate Mortgage
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Pass the Debt
Jun 08, 2009As shocking as it is, the story of the pay-option adjustable-rate mortgage (ARM) has become old news: A borrower buys a huge home worth $1m with a mortgage that seems too good to be true at little more than $2,500 per month. After the bills start coming in, however, the borrower realizes it really was too good to be true. The bill had only prompted the minimum due, even though the total amount payable was more like $5,000. The bank conveniently loaned the borrower the remainder each month and tacked it onto the principal.
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Bond Yields Drive Mortgage Rates Up
May 28, 2009 -
Interest Rates Contract as Fed’s Efforts Widen
May 21, 2009 -
ARM Rates Inch Lower
May 14, 2009 -
Mortgage Rates on the Rise
May 07, 2009 -
Mortgage Rates Drop Again
Apr 30, 2009 -
Long-Term Rates Surpass Short-Term Rates
Apr 23, 2009 -
Deal or Die for ‘Under-Capitalized’ BankUnited
Apr 17, 2009 -
REO Drives California Home Sale Increase
Apr 17, 2009 -
Weekly Mortgage Applications Rise
Mar 18, 2009 -
Obama Modification Plan Rolls Out
Mar 04, 2009 -
Refinances Flock to Fixed-Rate Mortgages
Feb 23, 2009
