Mar 16 2010

No Hope for Option ARMs or Alt-A Loans – Loan to Value Ratios of 169% Simply do not Qualify for Help and Cement the Destiny for Billions in California Loans. Two Case Examples in Irvine and Garden Grove.

One of the big problems that really isn’t addressed when discussing option ARMs or Alt-A loans is the fact that many are tied to the hip with second liens.  If it wasn’t bad enough to have one toxic mortgage imagine having two.  It is also a bad twist of fate that most of these loans […]

Mar 13 2010

The Complete Guide to Toxic Mortgages and the Housing Situation of California – Option ARMs, 55 Percent of Jumbo California Loans are ARMs, 794,000 Distressed Properties, and Failed Loan Modifications.

An updated chart highlighting the option ARM and exotic mortgage loans made during the height of the bubble still shows us that many loans will go bad in the next couple of years.  We need to remember that the vast majority of troubled option ARMs were made from 2004 to 2007.  While analysts claim that […]

Dec 28 2009

The New Mortgage Dynamics and the Anatomy of a Pay Option ARM Borrower. 850,000 Option ARMs Still Outstanding and 40 Percent in Distress. 4 Reasons to Walk Away from your Option ARM.

It is hard to believe that 13 percent of all mortgages are either in foreclosure or some other form of distress.  This can stem from a missed payment from an unexpected job loss or mounting pressure of servicing current debt.  To a large degree the allure of the option ARM product came from the ability […]

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