ARM

The new financial reform bill contains provisions that may drive up costs and reduce choice for consumers in the mortgage industry, The Wall Street Journal reports.

The money expert blasted Alan Greenspan's 2004 remarks championing adjustable-rate mortgages -- loans that played a key role in the financial crisis. Seems like the former central banker was a lousy personal finance guru.

Not all mortgage rates are created equal. There is a time and a place to consider an adjustable rate mortgage vs. a fixed rate. If you have short term plans to pay off your loan in full then an adjustable rate may save you money over the term of the mortgage. If you're planning on keeping your...

One of my friends is worried because he's got an Adjustable Rate Mortgage (ARM) on his home and it's going to reset later this year. He's got an unusual financial situation, and hasn't been able to find a company that will refinance the house. Of course, he's worried that once the ARM resets, his...

Mortgage expert David Reed invites Walletpop readers to ask him questions about real estate financing. leave your questions in the comment section of this post. Q: David- I have a 3-1 arm. Every 6 months the payment goes up. I need to refi and lock in lower payment but I now live in a "decreasing"...

Countrywide has just announced a plan to "help out" more borrowers who are in trouble on their home mortgages, particularly the ones with adjustable rates. The goal is to help people avoid foreclosure through a change in repayment terms. If you've got a loan with Countrywide and you're behind on...

The rate of foreclosures in California during the last quarter of 2007 is double the rate of the last record quarter. There were 31,676 foreclosures during the fourth quarter, about double that of the previous record set in 1996. In comparison, the lowest rate of foreclosure occurred in the second...

Ken and Daria Dolan are widely known as America's First Family of Personal Finance. Can someone please tell us what happened to personal responsibility? The latest news from Washington is that some politicians are proposing that our hard-earned tax dollars be spent to bail out thousands upon...