option ARM loan

Mortgages & Lending

Option Arms – the Big Bang That Didn’t Come (Yet)

by Florence Foote | March 23, 2010

Josh Dorkin and I have both previously blogged about the looming threat posed by “option arm” loans, sometimes cutely called “pick-a-pay” loans. These are loans in which borrowers can decide how much to pay each month, with many predictably going for the minimum payment option. The Downside Possibilities What many borrowers may not have fully [...]

0 comments Read the full article →
Commentary

A Solution That Works

by Joshua Dorkin | October 8, 2008

Today, we’ve got an important guest post to share, written by Dan Gilbert, Chairman of Quicken Loans. Last week, President Bush signed into law the hotly debated financial rescue package called the Emergency Economic Stabilization Act of 2008. While this legislation helps stabilize Wall Street and the banking system, it does nothing to address the [...]

26 comments Read the full article →
Copyright © 2004-2012 BiggerPockets, Inc. All Rights Reserved.
BiggerPockets® is a registered trademark of BiggerPockets, Inc.