Adjustable Rate Mortgages

ARMed and Dangerous: Why We Should Abolish Adjustable Rate Mortgages

Jane White | Posted 06.01.2012

Read More: Adjustable-Rate Mortgages, Mortgage Crisis, Timothy Geithner, Consumer Financial Protection Bureau, Home Loans, Underwater Mortgages, Money News

While many in the media have blamed the failures on reckless borrowers, the real driver of the crisis is lawless banks offering "bait-and-switch" adjustable rate mortgages.

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Maryland, Wells Fargo Settle On Adjustable Rate Mortgages

AP | Posted 01.05.2012

Read More: Mortgages, Video, Wells Fargo, Adjustable Rate Mortgages, Wells Fargo Settlement, Housing Crisis, Doug Gansler, Maryland, DC News

BALTIMORE -- Maryland Attorney General Doug Gansler has announced an agreement with Wells Fargo relating to allegedly deceptive marketing of adjustabl...

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In WaMu Settlement, An Easy Way Out For Former Executives

HuffingtonPost.com | Catherine New | Posted 12.13.2011

Read More: Fdic, Executive Pay, Subprime Mortgages, Washington Mutual, Subprime Lending, Economic Crisis, Washington Mutual Collapse, Adjustable-Rate Mortgages, Mortgage Crisis, Financial Crisis, Executive Compensation, Recession, Business News

In what essentially amounts to pocket change when compared to the billions that Washington Mutual made in risky loans, three former top executives of ...

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The Advertiser and the Adjustable Rate Mortgae

Christopher Brauchli | Posted 09.10.2011

Read More: Mortgage Crisis, Adjustable Rate Mortgages, Subprime Mortgages, Underwater Mortgages, Business News

Juxtaposition. Avoid it. It makes things seem ridiculous if not incomprehensible.

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Adjustable Rate Mortgages Are Making A Slow Comeback

CNN Money | Les Christie, Staff Writer | Posted 05.25.2011

Read More: Foreclosures, Mortgages, Housing Boom, Teaser Rates, Adjustable Rate Mortgages, Mortgage Banker's Association, Buying a Home, Arms, Business News

Adjustable rate mortgages are back! After accounting for nearly 70% of all mortgages issued during the boom, ARMs vanished during the bust, totalin...

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Move Your Mortgage, Not Just Your Money, to a Community Bank

Jane White | Posted 05.25.2011

Read More: Adjustable-Rate Mortgages, Move Your Money, Chris Dodd, Foreclosure, Community Banks, Barney Frank, Business News

Every day we see more drama in the foreclosure debacle, with increasing number of lenders being pressured to put them on hold. But what's the strategy for those of us not in danger of losing our homes?

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The Morality of a Short Sale

Tracy Shaffer | Posted 05.25.2011

Read More: Short Sale, Morality, Foreclosure, Real Estate, Denver, Housing Crisis, Short Sales, Mortgage Crisis, Adjustable-Rate Mortgages, Denver News

Is walking away from a home when you're upside-down immoral or simply a financial deal that didn't work out?

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Bank Of America To Start Reducing Principal On 'Underwater' Mortgages

AP | IEVA M. AUGSTUMS | Posted 05.25.2011

CHARLOTTE, N.C. — Bank of America Corp. is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure. The bank,...

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Washington Mutual: How The Bank Turned Predatory

Business & Technology | David Heath | Posted 05.25.2011

Read More: Option Arms, Predatory Lending, Washington Mutual, Kerry Killinger, Adjustable-Rate Mortgages, Mortgage Crisis, Business News

(David Heath is now the Senior Investigative Reporter at the Huffington Post Investigative Fund) For decades, Washington Mutual lived up to its ima...

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Option ARM Mortgages "About To Explode"

Reuters | Lisa Lambert | Posted 05.25.2011

Read More: Adjustable Rate Mortgages, Option Arms, Tom Miller, Terry Goddard, Housing Crisis, Teaser Rates, Business News

"Payment option ARMs are about to explode," Iowa Attorney General Tom Miller said after a Thursday meeting with members of President Barack Obama's ad...

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Adjustable Rate Mortgages Could Dampen Economic Recovery

nytimes.com | JOHN LELAND | Posted 05.25.2011

Read More: Adjustable-Rate Mortgages, Option Arms, Mortgages, Mortgage Resets, Housing Crisis, Teaser Rates, Business News

When Harvey Clavon took out an exotic mortgage to refinance his home in Santa Clarita, Calif., three years ago, he thought he knew what he was doing. ...

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Adjust Rate Mortgage Impact Could Be Worse Than Subprime Crisis

miamiherald.com | Kevin G. Hall | Posted 05.25.2011

Read More: Adjustable Rate Mortgages, Teaser Rates, Mortgage Rates, Mortagage Crisis, Mortgage Industry, Real Estate, Submprime Crisis, Business News

WASHINGTON -- Call it son of subprime. Experts warn that a new wave of mortgage foreclosures may be coming soon and could rival the default rates for ...

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Investment Choices Linked To Areas of Brain

newsweek.com | Nikhil Swaminathan | Posted 05.25.2011

Read More: Redit Card Bill of Rights Act, Richard Thaler, Investing, Subprime Mortgages, Neurons, Ventral Striatum, Adjustable-Rate Mortgages, Risk Management, Risk, Business News

A region of the midbrain called the ventral striatum may be partly to blame for the fact that millions of Americans fell prey to risky financial gambl...

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Transforming Homeowner Violence Into A Mortgage War Plan

Iris Martin | Posted 05.25.2011

Read More: House, Securitization, Mortgages, Depression, Mortgage Lenders, Author, Transformation, Adjustable-Rate Mortgages, Mortgage Crisis, Foreclosure, Homeowners, Psychology, Iris Martin, Mortgage Wars, Mortgage Payments, Housing Crisis, Business News

Homeowners suffering from payment shock and foreclosure syndrome are not getting the psychological help they need to survive escalating vicious attacks by their lenders If payment shock and foreclosure syndrome is not treated as the national epidemic that it is, affecting over sixteen million homeowners, homeowner violence will increase, as will homeowner suicide. Toxic lenders and their cohorts, government cronies, co-conspirators and attorneys need to be punished -- in a court of law, not on the front lawn.

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Obama, Biden Storm Into Battleground Virginia

Diane Tucker | Posted 05.25.2011

Read More: 2008 Elections, Wall Street Bailout, Senator Jim Webb, George W. Bush, Barack Obama Polls, Tammi Terrell, Presidential Debates, Barack Obama Race, Ed Houck, Offthebus, Military, Kool & the Gang, Adjustable-Rate Mortgages, Obama Voters, Health Care, Barack Obama Hillary Clinton, John McCain, Joe Biden Vp, Civil War, G.I. Bill, Hillary Clinton 2008, Joe Biden, 2008 Election, Barack Obama, Virginia, Barack Obama 2008, E.T., Wall Street Crisis, John McCain 2008, U2, Military Spending, Hillary Clinton, Canvassing, Marvin Gaye, Walter Reed, Home News

"Last week 300 volunteers knocked on 10,000 doors! Even volunteers from Maryland drove down to help us. It was awesome."

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Greed in the Economy: It's the Morality, Sinner

Jim Wallis | Posted 05.25.2011

Read More: Bear Stearns, Greed, Materialism, Investment Banks, Mortgage Backed Securities, Lehman Brothers, Fannie Mae, Business, Adjustable Rate Mortgages, Merrill Lynch, Aig, Freddie Mac, Wall Street, Subprime Lenders, Subprime Mortgage Crisis, Bible, Consumer Ethics, Sin, Housing, Ethics, Fannie Mae and Freddie Mac, James Carville, Capitalism, Economy, Religion, Lea, Business News

Our financial collapse is the fiscal consequence of the economic philosophy that markets are always good and government is always bad. But it is also the moral consequence of greed.

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Fed Cut Is Bad News For Savers

USA Today | Barbara Hagenbaugh | Posted 05.25.2011

Read More: Adjustable-Rate Mortgages, Savers, Interest Rate Cut, Raised Fees, Write-Downs, Fed Cut, Federal Reserve, Home-Equity Loans, Credit Card Rates, Lenders, Business News

The Fed's cut is good news for borrowers but bad for savers. Lenders cut the prime rate, the benchmark for many home-equity loans. Credit card rates ...

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Clinton Sounds Off On Fixed Mortgages, Ethanol, And Taxes On CNBC

CNBC | Posted 05.25.2011

Read More: U.S. Economy, Cnbc, Adjustable-Rate Mortgages, Capital Gains Taxes, Home Market, Clinton Mad Money, Recession, Hillary Clinton, Mad Money, Business News

Appearing on CNBC's "Mad Money w/Jim Cramer" today, Sen. Hillary Clinton, a Democratic presidential candidate, called for a 90-day moratorium on forec...

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Countrywide Offers "Unprecedented Remedies" To Struggling Mortgage Holders

Seeking Alpha | Roy Mehta | Posted 05.25.2011

Read More: Adjustable-Rate Mortgages, Subprime Mortgages, Countrywide, Business News

Countrywide Financial announced Tuesday it will begin contacting about 82,000 borrowers to offer refinancing or modifications for a total of $16 billi...

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