Exploding ARMs 

(adjustable rate mortgage resets)

What will you do when your ARM adjusts upward, and you can't refinance?

coming soon

        This essay will explore the presumptive real estate problem arising from 1) the impact of changes in the bankruptcy laws (that favor the lending industry) on housing affordability, 2) the impact of the credit card industry's minimal monthly payment increase on housing affordability, and 3) the impact of LTV requirements, artificial equity, and higher interest rates on refinancing expensive ARMs. 

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Have you had or do you know someone having a problem with an upward adjusting ARM reset? I'd like to hear from you.

Please email me in confidence (NJDave@SPOCH.org).

I'm preparing a formal complaint/report for those who signed up for low teaser rates...and now are sweating it out as a 'perfect storm' looms on the horizon.

I'm working to petition major lenders to help ease "sticker shock" and help keep homeownership affordable.