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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.
Embracing Defeat: Japan in the Wake of World War II
Sale Price: $15.00
Creole Flavors: Recipes for Marinades, Rubs, Sauces, & Spices
In the Combat Zone: Special Forces Since 1945
Trading Spaces: Behind the Scenes
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