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Diane Publishing Books
Alternative Mortgage Products: Impact on Defaults Remains Unclear, but Disclosure of Risks to Borrowers Could Be Improved
Orice M. Williams (au)
Alternative mortgage products (AMPs) can make homes more affordable by allowing borrowers to defer repayment of principal or part of the interest for the first few years of the mortgage. Recent growth in AMP lending has heightened the importance of borrowers’ understanding & lenders’ mgmt. of AMP risks. This report discusses the: (1) recent trends in the AMP market; (2) potential AMP risks for borrowers & lenders; (3) extent to which mortgage disclosures discuss AMP risks; & (4) fed. & selected state regulatory response to AMP risks. The author used regulatory & industry data to analyze changes in AMP monthly pay.; reviewed available studies; & interviewed relevant fed. & state regulators & mortgage ind. groups, & consumer groups. Ill.
Mammoth Book of Cats: A Collection of Stories, Verse & Prose
History of the New York Central System
My Father, My Self: Understanding Dad’s Influence on Your Life
American Vegetarian Resource Directory: Some Signposts on the Journey Towards a Healthier, More Ethically & Environmentally Balanced Lifestyle
Japanese Experience: A Short History of Japan
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