Relevant:
- Option ARMs: That Explosion Is The Sound Of The Other Shoe Dropping
- Option ARMs for Dummies: Why 4.5 Percent Mortgages Rates will do Absolutely Nothing for these Toxic Assets.
- Wells Settles in FL for Wachovia Pay Option Loans
- California AG Wants Pay Option ARM Answers
- Banks cutting principal on some mortgages: report
2009-09-17 — reuters.com
"The federal government and states are girding themselves for the next foreclosure crisis in the country's housing downturn: payment option adjustable rate mortgages that are beginning to reset."
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