negative-amortization

Real estate used to be a good "forced saving" mechanism until banks began offering loans like negative-amortization mortgages.

'Is a Home a Good Investment?' Demetria Gallegos 2011

Real estate used to be a good "forced saving" mechanism until banks began offering loans like negative-amortization mortgages.

'Is a Home a Good Investment?' Demetria Gallegos 2011

These would include liar loans, also known as stated-income or no-documentation mortgages, as well as negative-amortization loans that caused mortgages to balloon by allowing homeowners to defer principal or interest payments.

Taking the Direct Route on Risky Mortgages 2010

Things never imagined in 1999 — zero percent financing and negative-amortization loans, mortgage-equity withdrawal — helped propel the economy into its next growth stage.

The New Boom-Bust Cycle 2009

Overleveraged at purchase with no down payment, no documentation and negative-amortization mortgages, homeowners also mined equity with home-equity loans and lines of credit.

Your House: Just a Home 2009

The report said it was Downey's concentration of loans that combined risky features, including low-documentation loans with negative-amortization features, that helped precipitate its collapse.

Warnings Preceded Mortgage Lender's Fall 2009

The hunger for more mortgages that could serve as backing for more new securities led to the acceleration of undocumented, no-down-payment, negative-amortization mortgage loans to individuals with virtually no prospect of servicing them.

A Government Failure, Not a Market Failure By John H. Makin 2009

It applies to some subprime and negative-amortization loans.

Foreclosure Bill Puts a Governor on Hot Seat 2008

Also known as negative-amortization loans, payment-option ARMs allow borrowers to pay less than the interest owed each month, with the shortfall added to the principal balance.

Congress and the Countrywide Scandal 2008

If Congress grants that wish, it will decree that investors should once again trust in the judgment of bankers who originated no-money-down, negative-amortization, pick-your-interest-rate mortgages.

Don't Let Bankers Run the Asylum 2008