State, homeowners taking on lenders

Michelle Miran didn't realize that there was something wrong with her mortgage until the interest rate reset last year.

Her truth-in-lending statement the legally required disclosure of loan rates and estimated costs noted a 30-year fixed rate with monthly payments of $1,311 for 359 months. But two years into it, her monthly payment shot up to about $1,700, and she and her husband fell behind.