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News:

 Consumer advocates seek hearings on BofA plan to buy CountrywideThe Times and Democrat, SC -Feb 2, 2008... to explain how borrowers having trouble making mortgage payments and those at risk of falling behind when adjustable rates reset can keep their homes. ...
 Sector Snap: Homebuilders Rally FaltersForbes, NY -Feb 5, 2008... because adjustable rates on mortgages will reset lower than expected after recent policy moves by the Federal Reserve. Meanwhile, mortgage rates have ...
 Subprime reset shock could "disappear" if Fed cuts aggressively ...National Post, Canada -Jan 30, 2008According to B of A calculations that would drop the reset rate to 8.25% for a typical US$200000 mortgage from 10.5% at the first reset and 11.5% at the ...
 BofA upgrades several homebuilders amid improved affordability ...Trading Markets (press release), CA -Feb 5, 2008...Banc of America upgraded several homebuilders Tuesday, citing improved affordability, reduced construction and less risk of adjustable rate mortgage...
 JONATHAN LANSNER: Bail out the goose and ganderSan Luis Obispo Tribune, CA -Feb 5, 2008Hey, it may even enable a few mortgage borrowers to make an adjustable house payment or two. But guess who pays? Those who don't gamble. ...