The option adjustable rate mortgages (ARMs) we have talked about in the past were most popular in bubble markets namely California, Nevada, Florida and (more…)
News: Consumers Drowning In Debt With 1 in 4 Mortgages Underwater
Financial research firm First American CoreLogic confirmed that nearly 23% of Americans with mortgages (more…)
News: Higher Mortgage Payments from Option ARMs Feeding Foreclosures
Although there is no mortgage data currently available on specific numbers as to how many option ARM loans there are, numerous analysts estimate that as many as (more…)
Next wave of foreclosures coming?
According to a new report released this week by Standard & Poors (S&P), 93% of option-ARM buyers selected the worst, (more…)
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