Adjustable Rate Mortgages

Some articles on adjustable rate mortgages, mortgage, rate, adjustable, mortgages, rate mortgages, rates:

Variable-rate Mortgage - Criticism - Interest Rate Errors and Overcharges
1991, the Government Accountability Office (GAO) released a study of Adjustable Rate Mortgages in the United States which found between 20% and 25% of the ARM loans ... A former federal mortgage banking auditor estimated these mistakes created at least US$10 billion in net overcharges to American home-owners ... Such errors occurred when the related mortgage servicer selected the incorrect index date, used an incorrect margin, or ignored interest rate change caps ...
Subprime Mortgage Crisis - Causes - Governmental Policies - Decreased Regulation of Financial Institutions
... In 1982, Congress passed the Alternative Mortgage Transactions Parity Act (AMTPA), which allowed non-federally chartered housing creditors to write adjustable-rate mortgages ... more affordable." Among the new mortgage loan types created and gaining in popularity in the early 1980s were adjustable-rate, option adjustable-rate, balloon-payment and ... of predatory lending occurred with the use of adjustable-rate mortgages ...
Fixed-rate Mortgage - Comparisons
... Fixed rate mortgages are usually more expensive than adjustable rate mortgages ... Due to the inherent interest rate risk, long-term fixed rate loans will tend to be at a higher interest rate than short-term loans ... The relationship between interest rates for short and long-term loans is represented by the yield curve, which generally slopes upward (longer terms are more expensive) ...

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