Tag Archives: Interest-Only Loans

Government Subsidies Diminish Home Ownership

Posted on July 26, 2010 by irvinerenter

We have managed to obtain the opposite of what we desire, and we are paying a huge amount of money to do so. We would be better off to do nothing. The money we spend as a society to encourage home ownership actually diminishes it. Continue reading →

Posted in Best Of The Storm, Fresh Perspectives, Home Economics, Industry & Technology, Mortgage News | Tagged Alt-A Loans, Debt-to-Income, Fannie Mae, Freddie Mac, GSEs, Home Equity, homedebtors, Interest-Only Loans, NAR, Negative Amortization, Option-Arm Loans, Ponzi Scheme, Recast, Renting, Reset, Subprime Loans, The American Dream | 2 Comments

Insanity Down Under: ING Says Paying Principal on Mortgage Loans is Unnecessary

Posted on May 24, 2010 by Mish

Myths that home prices rise forever and interest rates stay low forever are alive and well in Australia. Please consider this amazing story of corporate insanity as described in the Sunday Telegraph – Revealed: The home loan that could save you a fortune. Continue reading →

Posted in Financial News, Fresh Perspectives, Mortgage News | Tagged Australia, ING, Interest Rates, Interest-Only Loans | Leave a comment

Adjustable Rate Mortgage Resets Foretell Major Problems in California’s Housing Market

Posted on March 8, 2010 by irvinerenter

This article originally appear on the Irvine Housing Blog The ARM Problem has not gone away. Today we examine an updated ARM reset schedule and consider its impact on our local housing market. it’s time for me to get away from here just … Continue reading →

Posted in Best Of The Storm, Home Economics | Tagged Adjustable Loans, Interest-Only Loans, Option-Arm Loans, Prime Loans, Recast, Reset, Shadow Inventory, Subprime Loans | Leave a comment

Interest-Only Loans Join Option ARMs in Dustbin of Financial History

Posted on March 2, 2010 by irvinerenter

The GSEs no longer buy or insure interest-only loans; the last vestige of Ponzi financing washes away. Continue reading →

Posted in Best Of The Storm, Mortgage News | Tagged Freddie Mac, Interest-Only Loans | 2 Comments