Downey Savings and Loan: The Anatomy of an Option ARM led California Banking...
On June 15, 2009 the Office of the Inspector General issued their audit report regarding the failure of California’s Downey Savings and Loan Association (Downey). Now the story of DSL is important...
View ArticleOption ARM Disaster Arrival: Mortgages More Problematic than Originally...
Option ARMs, the dubious name for a mortgage product of financial destruction, are back in the limelight showing that they have not gone away. Everyone by now has heard about option ARMs. These...
View ArticleOption ARMs in Financial Pain: 900,000 Mortgages and 1 out of 4 either...
It is interesting to see new data being published regarding Option ARMs in the new OCC and OTS report. According to the recently released report, there were 900,000 active Payment Option ARMs in the...
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