Option Arms

Washington Mutual: How The Bank Turned Predatory

Business & Technology | David Heath | Posted 10.26.2009 | Business

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 ARMs Resets: Mortgages "About To Explode," Says Iowa AG

Reuters | Lisa Lambert | Posted 11.18.2009 | Business

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 09.27.2009 | Business

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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