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« June 2007 | Main | September 2007 » August 17, 2007Mortgage ProblemsLinda Martin is worried about losing her home. ''I'm hanging on by a thread, not knowing whether I am going to be living in a car in six months,'' said Martin. Adjustable rate loans and Interest only loans may lead to negative amortization, foreclosures and a drag on the United States economy. Home owners often obtain negative amortization loans without really understanding what they involve. August 03, 2007The Big (Mortgage) SqueezeEasy money and easy mortgages have dried up, according to this article from Newsday. For first-time homebuyers, this has severely limited their ability to buy a house. "It will preclude millions from buying homes," said John Robbins, chairman of the Mortgage Bankers Association. Already "the industry is making the most conservative loans that it has in 10 years." 
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